The term “Deed in Lieu of Foreclosure” refers to a situation where a homeowner voluntarily gives their property back to the lender in order to avoid foreclosure. Lenders will often times accept a Deed in Lieu of Foreclosure in order to save money on legal fees by not filing foreclosure and this process is much faster than going through the courts in regards to filing a foreclosure case. Prime Law Group can help if you are being offered a Deed in Lieu of Foreclosure so contact us today for information.
