Deed in lieu of foreclosure is a tool used when a borrower avoids foreclosure by deeding the collateral property back to the lender. in exchange the borrower is released from the mortgage. In order to attempt this transaction both parties must enter into the agreement voluntarily. A deed in lieu helps to avoid foreclosure proceedings and can immediately release borrowers from financial burdens associated with the loan.
Claim up to $26,000 per W2 Employee
- Billions of dollars in funding available
- Funds are available to U.S. Businesses NOW
- This is not a loan. These tax credits do not need to be repaid