Deed in Lieu of Foreclosure

A deed in lieu of foreclosure is an alternate way of transferring the property from you to the lender. A deed in lieu will negatively affect your credit but it is looked upon much more favorably than a foreclosure. You will be able to obtain a new mortgage loan within two years of providing a deed in lieu to your lender.

Usually the lender will ask that the home be listed in the MLS and marketed by a Realtor for a set period of time even if the lender has to approve a short sale.

When you sign in and open a new case we will research your title for free to see if you are eligible for a deed in lieu. Lenders can not accept a deed in lieu if there are junior loans or abstracts of judgments against the property.