A deed-in-lieu of foreclosure involves the voluntary transfer of title (ownership) from the borrower to a lender in lieu of foreclosure. The advantage for the lender is the cost of acquisition is less than a foreclosure sale and title is gained faster. The advantage for the borrower is the avoidance of a foreclosure and potential deficiency judgment. Lenders are generally reluctant to accept a "deed in lieu" unless the title is free and clear of any other encumbrances junior to theirs and the owners execute an estoppel affidavit acknowledging that they are acting without duress and with informed consent.
Foreclosure
Category:
State:
Colorado
Control #:
CO-02720BG
Format:
Word;
Rich Text
Instant download
Description Estoppel Agreement
Free preview Estoppel Sample
How to fill out Estoppel Document?
If you're searching for proper Colorado Estoppel Affidavit by Individuals giving Deed-in-Lieu of foreclosure copies, US Legal Forms is what you need; get files produced and examined by state-qualified attorneys. Making use of US Legal Forms not merely helps save from problems concerning lawful paperwork; furthermore, you help save time and effort, and funds! Downloading, printing out, and filling out a proficient form is really cheaper than asking a legal professional to prepare it for you.
To begin, finish your registration process by providing your electronic mail and making a password. Stick to the instructions below to create your account and find the Colorado Estoppel Affidavit by Individuals giving Deed-in-Lieu of foreclosure template to deal with your situation:
- Utilize the Preview tool or browse the document information (if offered) to rest assured that the form is the one you need.
- Check its validity in your state.
- Click on Buy Now to create your order.
- Choose a preferred pricing program.
- Make your account and pay out with the credit card or PayPal.
- Pick a convenient file format and download the the form.
And while, that is it. In a couple of easy actions you have an editable Colorado Estoppel Affidavit by Individuals giving Deed-in-Lieu of foreclosure. After you make an account, all next purchases will be processed even easier. When you have a US Legal Forms subscription, just log in profile and then click the Download key you see on the for’s web page. Then, when you need to use this template once again, you'll always be able to find it in the My Forms menu. Don't waste your time comparing numerous forms on various websites. Get precise copies from one safe service!