Deed in Lieu of Foreclosure Form - Sample Deed in Lieu Letter

Free Deed in Lieu of Foreclosure Form

Are you drowning in mortgage debt and looking for a lifeline? Grab our deed in lieu of foreclosure letter to escape the evil clutches of foreclosure right now.

Before Using Our Deed in Lieu Documents, You Should Know These Facts

So what is deed in lieu of foreclosure? Without digging too deep into ancient wordplay, "in lieu" is an old French word for "instead". When you string it all together, it becomes "giving the deed away instead of facing foreclosure."

When you can no longer keep up with the mortgage bills, handing the deed over to the lender may be your best chance out of foreclosure nightmare... if you can convince your lender to take the deed and forgive your debts.

A deed in lieu still makes a dent to your credit score though it's not quite as devastating as the big blow that your score will take from a full-blown foreclosure. Plus having a "deed in lieu - paid in full" on your credit report looks a lot less jarring than having "foreclosure" stamped all over it.

Just some quick tips for filling in the blanks below: The property owner is the grantor and the lender is the grantee. Be sure to fill in your lender's exact legal name and mailing address - It never hurts to give them a call to double check.

* While we work hard to make sure that our sample deed in lieu of foreclosure form is helpful and updated, you must edit it according to your own needs and local real estate law. Always seek legal help when in doubt.

Deed in Lieu of Foreclosure

This Deed is made on this day of _______________, 20__, between the Grantor ___________
___________________ of address __________________________________________________ and the Grantee ______________________________ of address _________________________
_________________________.

For valuable consideration, the receipt of which is hereby acknowledged, the Grantor hereby deeds to the Grantee in lieu of foreclosure, the following described real property:

Property Address: ______________________________________________________________

Legal Description: ______________________________________________________________
_____________________________________________________________________________
_____________________________________________________________________________
_____________________________________________________________________________
_____________________________________________________________________________

This deed is an absolute conveyance, the Grantor having sold the above described real property to the Grantee for good and valuable consideration, such consideration being the full satisfaction of all obligations secured by the deed of trust heretofore executed by the Grantor. The Grantor declares that this conveyance is freely and fairly made and that there are no agreements, written or oral, other than this deed between the Grantor and Grantee with respect to the real property described above.

EXECUTED this day of _______________, 20__.

Grantor Name: _________________________

Grantor Signature: ______________________

STATE OF _________________________

COUNTY OF _________________________

On this day, personally appeared before me, _________________________, to me known to be the person(s) described in and who executed the within instrument, and acknowledged that he/she signed the same as his/her voluntary act and deed, for the uses and purposes therein mentioned.

Witness my hand and official seal hereto affixed on this day of _______________, 20__.

Notary's Public Signature: ______________________

My commission expires _______________.

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