Home > Terms > English, UK (UE) > Deed-in-lieu (of foreclosure)
Deed-in-lieu (of foreclosure)
A document given by a borrower to a lender, transferring title of the property. Often used to avoid credit-damaging foreclosure procedures.
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- Part of Speech: noun
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- Blossary:
- Industry/Domain: Real estate
- Category: General
- Company: Century 21
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