Deed-In-Lieu of Foreclosure

If you have incurred a long-term financial hardship and your house has been on the market (at fair market value) for at least 90 days, you may be eligible for a deed-in lieu of foreclosure. To be considered for this option, you must complete a financial package and provide a copy of your recent active listing agreement. Also, there cannon be any additional claims or liens (other then mortgage) against your property. If you are approved for a deed-in-lieu, you will be giving up all rights to the property and the property will be conveyed to your investor. In exchange for the deed-in-lieu, the loan servicer, investor, insurer and / or guarantor will waiver all deficiency judgment rights. You may be asked to participate in our short payoff program before a deed-in lieu of foreclosure is accepted.