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Deed In Lieu

tyler1991 profile photo
  • Tuesday, November 09, 2004 @ 10:25 PM EST
  • 2 Comments

How is a house sold after a Deed in Lieu of Foreclosure? Auction or Realtor?

Comments(2)

  • no photo
    compwhiz22nd October, 2004

    Realtor, most likely. Deed in lieu is a way for a lender to take ownership of the property without going through the foreclosure auction.

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    DavidMOcala9th November, 2004

    A deed in lieu conveys title to the lender, who can then sell however they want, but it stops the foreclosure auction

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