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California Deed Lieu Form

California Deed Lieu Form

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Instructions and help about California Deed Lieu

[Music] hi i'm tony anderson i'm a licensed realtor in the state of florida and today we're talking about the disadvantages of a deed in lieu of foreclosure a quit claim deed or a deed in lieu of foreclosure is a deed instrument in which a mortgage or or the borrower conveys all interest in real property to the mortgagee or the lender to satisfy a loan that is in default a deed in lieu of foreclosure is usually property you would offer the deed to your property instead of going into foreclosure this will not save your home but it is less damaging to your credit and will help you in the long run as an alternative to going through the whole foreclosure process a deed in lieu of foreclosure is only one step better than foreclosure but should be considered as a last resort if you're unable to refinance the property short sell it modify your mortgage or obtain a forbearance agreement the deed in lieu of foreclosure offers several advantages to both the borrow

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