Meaning DEED-IN-LIEU
What does DEED-IN-LIEU mean? Here you find 6 meanings of the word DEED-IN-LIEU. You can also add a definition of DEED-IN-LIEU yourself
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DEED-IN-LIEUA document given by a borrower to a lender, transferring title of the property. Often used to avoid credit-damaging foreclosure procedures.
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DEED-IN-LIEUShort for "deed in lieu of foreclosure," this conveys title to the lender when the borrower is in default and wants to avoid foreclosure. The lender may or may not cease foreclosure activities if a borrower asks to provide a deed-in-lieu. Regardless of whether the lender accepts the deed-in-lieu, the avoidance and non-repayment of [..]
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DEED-IN-LIEUto avoid foreclosure ("in lieu" of foreclosure), a deed is given to the lender to fulfill the obligation to repay the debt; this process does not allow the borrower to remain in the house bu [..]
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DEED-IN-LIEUThis is the title given to the lender when the borrower wants to avoid foreclosure due to default of loan. The lender retains the right to stop the foreclosure activities if the borrower asks to provi [..]
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DEED-IN-LIEUA document given by a borrower to a lender, transferring title of the property. Often used to avoid credit-damaging foreclosure procedures.
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DEED-IN-LIEUA deed given by a borrower to the lender to satisfy a debt and avoid foreclosure. Also called a "voluntary conveyance."
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