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Mortgage Terms: Deed In Lieu Of Foreclosure Definition

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Mortgage Terms: Deed In Lieu Of Foreclosure Definition

Deed in lieu of foreclosure

Definition

Deeding the property over to the lender as an alternative to having the lender foreclose on the property

Related Terms

Other terms related to 'Deed in lieu of foreclosure' starting with the letter 'D'

Due on sale clause, Deadbeat, Default, Documentation requirements, Dual index mortgage

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