Foreclosure Help - Deed in Lieu Foreclosure Help and Information.
What is a Deed in Lieu?
A Deed in Lieu provides foreclosure help by allowing you the borrower to avoid the stigma of having your property foreclosed upon. With a deed in lieu, the borrower transfers the title of the property to the mortgage servicer in exchange for the servicer forgoing foreclosure.
Why could a Deed in Lieu be good for you?
You would receive foreclosure help by avoiding having your property foreclosed upon and you can sometimes receive additional foreclosure help since mortgage servicer will sometimes provide additional incentive for vacating the property.
Why is a Deed in Lieu good for your mortgage company?
A Deed in Lieu saves the mortgage company time and money. The mortgage servicer does not have to go through a lengthy foreclosure time and a lengthy eviction to get you to leave the property saving them money.
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