Loan Programs

A Deed In Lieu of Foreclosure is the process of returning the home to the bank without having to go through the foreclosure process. In exchange for returning the property to the bank, the lender will cancel the loan. A deed in lieu will have a negative impact you your credit but is widely believed to be less damaging than a foreclosure.

Similar to a foreclosure, most lenders and loan programs will have specific guidelines for those borrower who are looking to obtain a loan after a Deed In Lieu.


Owning Again After Deed In Lieu: Which Loan Program Is Best?

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