A deed in lieu of foreclosure allows you to avoid foreclosure by giving your lender the deed to your house. A deed in lieu can do less damage to your credit than a foreclosure but means you need to ...

When you get behind on your mortgage payments, you potentially risk losing your home to foreclosure, which will result in a host of negative complications for you, your credit and your ability to ...

Foreclosure occurs when a homeowner stops paying their mortgage for an extended period — typically 120 days following the first missed payment. If you’re facing financial hardship, contact your lender ...

A mortgage debtor assumes a double risk: the risk of losing the mortgaged property for a default under the obligation secured by the mortgage, plus the risk of being saddled with personal liability ...

If you’ve fallen behind on your mortgage and you don’t see any way of catching up, a deed in lieu of foreclosure might be your best option and a proactive way to handle the situation. While the ...