Cimpler Real Estate dba LenderBackDoor

Deed in Lieu of Foreclosure

This is a process whereby the lender releases the homeowner from the obligations of the mortgage in exchange for the Deed to the home.

While one reason to take this avenue is that it could result in better credit marks than a foreclosure, this is an aspect that requires negotiation. Lenders are less likely to offer this avenue as it opens them up to liability with their investors.

To discuss your options, please contact us.