Deed In Lieu

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

Comments(2)

  • 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.

  • 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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