Deed in lieu of foreclosure
English Spanish Translation of Deed in lieu of foreclosure
Escritura en lugar de una ejecución (mortgage-related) hipotecaria
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Concept of Deed in Lieu of Foreclosure in the context of Real Property
A short definition of Deed in Lieu of Foreclosure: A deed given by an owner/borrower to a lender to prevent the lender from bringing foreclosure proceedings. The validity of the deed depends to some degree on “fairness” under the circumstances, and adequacy of consideration will be considered.
Concept of Deed in Lieu of Foreclosure in the context of Real Property
A short definition of Deed in Lieu of Foreclosure: A deed given by an owner/borrower to a lender to prevent the lender from bringing foreclosure proceedings. The validity of the deed depends to some degree on “fairness” under the circumstances, and adequacy of consideration will be considered.
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