Also known as a “friendly foreclosure,” a deed-in-lieu allows the homeowner to return the property to the lender rather than go through the foreclosure process. It sounds easy, but in fact, the home must be listed for sale for 180 days without a successful close of escrow before the lender will agree to a deed-in-lieu.
We are foreclosure avoidance experts who work with distressed sellers every day. We are knowledgeable, experienced and most important, compassionate, and we can help you through this difficult time. Contact us today for more information about this and other ways to save your home. If you are frustrated with the lender process, don’t know where you are in the system or just have questions. We can coach you and/or help you get answers. Don’t wait – you have many more options when you start the process early.