Deed-in-Lieu Videos

DEED IN LIEU

My name is Carmen and I am a HUD-approved housing counselor. More lenders are considering the Deed in Lieu because borrowers donít want to have the record of a foreclosure on their credit report. So basically, if you are in default and facing foreclosure and you have made an attempt to sell the house through a short sale but not been successful, your lender should consider giving you an option to exchange the deed of the house in lieu of the foreclosure. Most of the time, the difference of what you owe compared to the value of the home will be forgiven.

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BEWARE

SCAMS

Learn how to identify and avoid scam artists who promise immediate relief from foreclosure.

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FAQ

ANSWERS

Find the answers to common questions concerning your mortgage and the various options to avoid foreclosure.

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GLOSSARY

TERMS

Visit our glossary of key terms to increase your understanding of the foreclosure options available.

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