Posted on: 21st Aug, 2011 12:23 pm
WHAT IS A DEED IN LIEU
Also, We now have an "in house Mod" with Veriquest.
Also, We now have an "in house Mod" with Veriquest.
a deed in lieu is the short form for the phrase "deed in lieu of foreclosure." the word "lieu" means "stead" as in "deed instead of foreclosure." in this situation, the lender and borrower agree that the borrower will simply provide a deed to the lender turning over the property to them, rather than go through the tiresome and annoying process of foreclosure (for both parties).
your "in house mod" ought to keep you out of the category of those who might consider a deed in lieu.
your "in house mod" ought to keep you out of the category of those who might consider a deed in lieu.
Hi galepitch!
Welcome to forums!
To know all about deed in lieu of foreclosure, check out the given page:
http://www.mortgagefit.com/deed-lieu.html
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
To know all about deed in lieu of foreclosure, check out the given page:
http://www.mortgagefit.com/deed-lieu.html
Feel free to ask if you've further queries.
Sussane
