Deed In Lieu Of Foreclosure Form
A deed in lieu of foreclosure form is used when one wants to give away their deed to a property rather than face foreclosure. Deed in lieu of foreclosure agreement exhibit a i a warranty deed for the real property comprising the property the real property executed by borrower to the designee 1 ii a real estate transfer tax valuation affidavit for the real property. Nv Short Form Deed Of Trust Complete Legal Document Online Us Legal Forms The lender to satisfy a loan that is in default and avoid foreclosure proceedings. Deed in lieu of foreclosure form . In this process the mortgagor deeds the collateral property which. This deed in lieu of foreclosure agreement requires the borrower and its principals to retain liability for pre closing environmental matters and also requires them to make a variety of representations and warranties about the transaction the mortgaged property and the borrower s finances. Foreclosure is a costly endeavor for both the homeowner and the financial inst