This form is used as a method for a lienholder of property to avoid a lengthy and expensive foreclosure process. With a deed in lieu of foreclosure, a foreclosing lienholder agrees to have the ownership interest transferred to the bank/lienholder as payment in full. The debtor simply deeds the property to the bank as a substitute for foreclosure.
Deed In Lieu Of Foreclosure Template Forgiveness
Category:
State:
Alabama
Control #:
AL-012-09-CP
Format:
Word;
PDF;
Rich Text
Instant download
Description Deed In Lieu Of Foreclosure Sample
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