From 8bb96fc63d532c63c79bb0c13935a5b00067ef43 Mon Sep 17 00:00:00 2001 From: lawrencemiele Date: Thu, 6 Nov 2025 20:56:21 +0800 Subject: [PATCH] Add 'How to use a Deed in Lieu of Foreclosure to Sign over Your Home' --- ...e-a-Deed-in-Lieu-of-Foreclosure-to-Sign-over-Your-Home.md | 5 +++++ 1 file changed, 5 insertions(+) create mode 100644 How-to-use-a-Deed-in-Lieu-of-Foreclosure-to-Sign-over-Your-Home.md diff --git a/How-to-use-a-Deed-in-Lieu-of-Foreclosure-to-Sign-over-Your-Home.md b/How-to-use-a-Deed-in-Lieu-of-Foreclosure-to-Sign-over-Your-Home.md new file mode 100644 index 0000000..3935100 --- /dev/null +++ b/How-to-use-a-Deed-in-Lieu-of-Foreclosure-to-Sign-over-Your-Home.md @@ -0,0 +1,5 @@ +
A deed in lieu of foreclosure (DIL) is an option for [preventing foreclosure](https://nyumbanirealtygroup.com) however still break free from unaffordable home payments. You can willingly move ownership to your lender-your deed-instead of or in lieu of waiting on them to foreclose on your home.
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You would essentially sign the deed over to them, and your lending institution releases you from the commitment to make any more payments toward your mortgage loan.
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Key Takeaways
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- While a DIL will still harm your credit, it isn't rather as destructive as a foreclosure. +
- A DIL won't always negate your loan responsibilities \ No newline at end of file