A deed in lieu of foreclosure is a method sometimes used by a lienholder on property to avoid a lengthy and expensive foreclosure process, with a deed in lieu of foreclosure a foreclosing lienholder agrees to have the ownership interest transferred to the bank/lienholder as payment in full. The debtor basically deeds the property to the bank instead of them paying for foreclosure proceedings. Therefore, if a debtor fails to make mortgage payments and the bank is about to foreclose on the property, the deed in lieu of foreclosure is an option that chooses to give the bank ownership of the property rather than having the bank use the legal process of foreclosure.
Greensboro North Carolina Offer by Borrower of Deed in Lieu of Foreclosure
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Greensboro
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US-01524BG
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Greensboro is also a burger- and biscuit-loving Southern city, and staples like pulled pork pop up in brunch hashes and mac-and-cheese tacos.
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