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How long does a deed in lieu of foreclosure take to give back the property?In: Foreclosure |
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With the consent of the property owner and lender, the deed is valid immediately after it is recorded in the county public records. It is a good way to avoid the foreclosure process, but, oddly, many lenders will not accept such a deed and insist on the expensive and tedious foreclosure process.
First answer by Glendaleatty. Last edit by Glendaleatty. Contributor trust: 18 [recommend contributor]. Question popularity: 1 [recommend question]
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How long does a deed in lieu or foreclosure take? How long could you stay in house after deed in lieu?
