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Web a deed in lieu of foreclosure is an arrangement where a mortgage servicer agrees to let the homeowner turn over the deed to the home when the homeowner can no longer afford to pay the mortgage. Web a deed in lieu agreement is an arrangement where you give your mortgage lender the deed to your home. Use a deed in lieu of foreclosure to. Web deed in lieu of foreclosure.
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Web a deed in lieu of foreclosure — also called a “mortgage release” — allows you to avoid the foreclosure process by releasing you from your mortgage.