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Real Estate Glossary

Deed in Lieu of Foreclosure

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Written by Luis Escobar

This is the optional transfer of a deed or title by the borrower or homeowner to the lender in order to satisfy a mortgage debt or defaulting loan. It allows one to avoid foreclosure proceedings.

This is the optional transfer of a deed or title by the borrower or homeowner to the lender in order to satisfy a mortgage debt or defaulting loan. It allows one to avoid foreclosure proceedings.

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Luis Escobar

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