Understand how a deed-in-lieu of foreclosure works, its potential benefits and drawbacks, and if can be a viable option for you.

If you’ve fallen behind on your mortgage and you don’t see any way of catching up, a deed in lieu of foreclosure might be your best option and a proactive way to handle the situation. While ...

A deed in lieu is generally a last resort by a homeowner to avoid foreclosure.

Deed in lieu of foreclosure is an action by a borrower by which they deed the collateral property back to the lender to avoid foreclosure.

A deed in lieu of foreclosure allows you to avoid foreclosure by giving your lender the deed to your house. A deed in lieu can do less damage to your credit than a foreclosure but means you need ...

If keeping up with your mortgage becomes impossible, a deed in lieu might be a better option than foreclosure. But it still comes with risks and a ding to your credit score ...

Q. My friend and I would appreciate knowing how to go about initiating a “deed-in-lieu of foreclosure.” We both own homes, bought in late 2006 and early 2007. Each of us knows through a… ...

Whether a friendly foreclosure or a deed-in-lieu, borrowers are usually mindful of the fact that the way they handle the process will likely come up in the future.

Why do a deed in lieu of foreclosure? Expense. Because the process is consensual, both parties can control expenses. Reputation. Unless the borrower is getting out of the real estate business ...

If you’ve fallen behind on your mortgage and you don’t see any way of catching up, a deed in lieu of foreclosure might be your best option and a proactive way to handle the situation. While ...

How Does a Deed in Lieu of Foreclosure Stop Foreclosure Proceedings? If the borrower fails to comply with these requirements, the reverse mortgage servicer can start foreclosure proceedings.