Real Estate Glossary

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Definitions of Deed-In-Lieu (Of Foreclosure)

  • A legal document given by a borrower to a lender transferring ownership (title) of the property. Often used to avoid credit-damaging foreclosure procedures when an owner no longer can afford to keep their home. This definition of Deed-In-Lieu (Of Foreclosure) contributed by gulf-coast-associates.

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Related Terms

Foreclosure
Title