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Deed-in-Lieu of ForeclosureA voluntary transfer of marketable title to a property to avoid foreclosure.
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Deed-in-Lieu of ForeclosureThe borrower, most likely you, gives the property rights of the home to the lender. This is another option to avoiding foreclosure and has a less negative effect on your credit.
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Deed-in-Lieu of ForeclosureAn alternative to straightforward foreclosure. The borrower basically returns the house to the bank. A deed-in-lieu will negatively affect your credit score.
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