Deed in lieu of foreclosure
id:
deed-in-lieu-of-foreclosure-259-5549350
title:
Deed in lieu of foreclosure
text:
A deed in lieu of foreclosure is a deed instrument in which a mortgagor conveys all interest in a real property to the mortgagee to satisfy a loan that is in default and avoid foreclosure proceedings. The deed in lieu of foreclosure offers several advantages to both the borrower and the lender. The principal advantage to the borrower is that it immediately releases the borrower from most or all of the personal indebtedness associated with the defaulted loan. The borrower also avoids the public n
brand slug:
wiki
category slug:
encyclopedia
description:
original url:
https://en.wikipedia.org/wiki/Deed_in_lieu_of_foreclosure
date created:
date modified:
2023-11-09T23:39:22Z
main entity:
{"identifier":"Q5249974","url":"https://www.wikidata.org/entity/Q5249974"}
image:
fields total:
13
integrity:
13