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You are here: Home   Categories   Finance & Investing  What is a deed in lue? IS THAT THE BEST OPTION?
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deed If i have the deed to my home can i get a loan using the deed as colleteral due to bad credit
What is a grant deed What is a quit claim deed what is a warranty deed and if the recorded owner of a property...
deed I am in aiken county. i had signed a deed belonging to my sister who resides in carbon county...
deed How should the deed be made for husband and wife such that either can sell the property w/o...


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Submitted 732 days ago...

Majors782

Majors782

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What is a deed in lue? IS THAT THE BEST OPTION?

I own a investment property in miami fl, i already lost 60k and the property is loosing value every month. What are the steps to a what is a deed in lue, whould the bank come after me?

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Answer 1 / 1 - Submitted 105 days ago...

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A "deed in lieu of foreclosure" is an agreement between you and your creditor that if you sign the deed of trust over to the creditor they will not take steps to foreclose on the house. If they foreclose on the house it will be reported on your credit bureau and they can demand payment from you if the current value of the house is less than what you owe.

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