The voluntary surrender of property by an owner or borrower to a lien holder (such as a bank) that eliminates the need to continue foreclosure action by the lien holder. The lien holder can refuse to accept the Deed in Lieu and file a Notice of Non Acceptance with the County Recorder.
Deed in Lieu of Foreclosure
By Driftwood Realty Group|2020-11-18T12:11:44+00:00November 18, 2020|D|
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About the Authors
Kristin & Quinton Doakes
Driftwood Realty Group offers an innovative approach to Real Estate. The role of our Agents doesn’t stop at the end of each transaction. As your trusted Real Estate Advisors, we provide concierge service for our customers before, during, and after the sale. Our Advisors perform at the top of their market and keep positive relationships with happy customers.