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Matches in DBpedia 2016-04 for { <http://dbpedia.org/resource/Deed_in_lieu_of_foreclosure> ?p ?o }

• Deed_in_lieu_of_foreclosure abstract "A deed in lieu of foreclosure is a deed instrument in which a mortgagor (i.e. the borrower) conveys all interest in a real property to the mortgagee (i.e. the lender) to satisfy a loan that is in default and avoid foreclosure proceedings.The deed in lieu of foreclosure offers several advantages to both the borrower and the lender. The principal advantage to the borrower is that it immediately releases him/her from most or all of the personal indebtedness associated with the defaulted loan. The borrower also avoids the public notoriety of a foreclosure proceeding and may receive more generous terms than he/she would in a formal foreclosure. Another benefit to the borrower is that it hurts his/her credit less than a foreclosure does. Advantages to a lender include a reduction in the time and cost of a repossession, lower risk of borrower revenge (metal theft and vandalism of the property before sheriff eviction), and additional advantages if the borrower subsequently files for bankruptcy.If there are any junior liens a deed in lieu is a less attractive option for the lender. The lender will likely not want to assume the liability of the junior liens from the property owner, and accordingly, the lender will prefer to foreclose in order to clean the title.In order to be considered a deed in lieu of foreclosure, the indebtedness must be secured by the real estate being transferred. Both sides must enter into the transaction voluntarily and in good faith. The settlement agreement must have total consideration that is at least equal to the fair market value of the property being conveyed. Sometimes, the lender will not proceed with a deed in lieu of foreclosure if the outstanding indebtedness of the borrower exceeds the current fair value of the property. Other times, lenders will agree since they will end up with the property anyway and the foreclosure process is costly to the lender.Because of the requirement that the instrument be voluntary, lenders will often not act upon a deed in lieu of foreclosure unless they receive a written offer of such a conveyance from the borrower that specifically states that the offer to enter into negotiations is being made voluntarily. This will enact the parol evidence rule and protect the lender from a possible subsequent claim that the lender acted in bad faith or pressured the borrower into the settlement. Both sides may then proceed with settlement negotiations.Neither the borrower nor the lender is obliged to proceed with the deed in lieu of foreclosure until a final agreement is reached.The Home Equity Theft Prevention Act in New York has created some confusion regarding this frequently-used method of settlement. It is unclear whether HETPA applies to deeds in lieu of foreclosure since there is no clear exclusion as there is for a referee's deed, for example. The 2-year right of rescission is not a risk that banks or title insurers are comfortable with, especially given the complexities of compliance, so many banks and title insurers in New York are not willing to work with deeds in lieu.".
• Deed_in_lieu_of_foreclosure wikiPageID "3021943".
• Deed_in_lieu_of_foreclosure wikiPageLength "3515".
• Deed_in_lieu_of_foreclosure wikiPageOutDegree "21".
• Deed_in_lieu_of_foreclosure wikiPageRevisionID "685663094".
• Deed_in_lieu_of_foreclosure wikiPageWikiLink Bad_faith.
• Deed_in_lieu_of_foreclosure wikiPageWikiLink Bankruptcy.
• Deed_in_lieu_of_foreclosure wikiPageWikiLink Category:Legal_documents.
• Deed_in_lieu_of_foreclosure wikiPageWikiLink Category:Real_property_law.
• Deed_in_lieu_of_foreclosure wikiPageWikiLink Category:United_States_housing_bubble.
• Deed_in_lieu_of_foreclosure wikiPageWikiLink Collateral_(finance).
• Deed_in_lieu_of_foreclosure wikiPageWikiLink Consideration.
• Deed_in_lieu_of_foreclosure wikiPageWikiLink Deed.
• Deed_in_lieu_of_foreclosure wikiPageWikiLink Default_(finance).
• Deed_in_lieu_of_foreclosure wikiPageWikiLink Fair_market_value.
• Deed_in_lieu_of_foreclosure wikiPageWikiLink Foreclosure.
• Deed_in_lieu_of_foreclosure wikiPageWikiLink Good_faith.
• Deed_in_lieu_of_foreclosure wikiPageWikiLink Home_Equity_Theft_Prevention_Act.
• Deed_in_lieu_of_foreclosure wikiPageWikiLink Loss_mitigation.
• Deed_in_lieu_of_foreclosure wikiPageWikiLink Metal_theft.
• Deed_in_lieu_of_foreclosure wikiPageWikiLink New_York.
• Deed_in_lieu_of_foreclosure wikiPageWikiLink Parol_evidence_rule.
• Deed_in_lieu_of_foreclosure wikiPageWikiLink Real_property.
• Deed_in_lieu_of_foreclosure wikiPageWikiLink Short_sale_(real_estate).
• Deed_in_lieu_of_foreclosure wikiPageWikiLinkText "Deed in Lieu".
• Deed_in_lieu_of_foreclosure wikiPageWikiLinkText "Deed in lieu of foreclosure".
• Deed_in_lieu_of_foreclosure wikiPageWikiLinkText "deed in lieu of foreclosure".
• Deed_in_lieu_of_foreclosure wikiPageWikiLinkText "friendly".
• Deed_in_lieu_of_foreclosure wikiPageWikiLinkText "in lieu of foreclosure".
• Deed_in_lieu_of_foreclosure wikiPageUsesTemplate Template:Citation_needed.
• Deed_in_lieu_of_foreclosure wikiPageUsesTemplate Template:Unreferenced.
• Deed_in_lieu_of_foreclosure subject Category:Legal_documents.
• Deed_in_lieu_of_foreclosure subject Category:Real_property_law.
• Deed_in_lieu_of_foreclosure subject Category:United_States_housing_bubble.
• Deed_in_lieu_of_foreclosure hypernym Instrument.
• Deed_in_lieu_of_foreclosure type Agent.
• Deed_in_lieu_of_foreclosure type Document.
• Deed_in_lieu_of_foreclosure type Work.
• Deed_in_lieu_of_foreclosure type Document.
• Deed_in_lieu_of_foreclosure type Factor.
• Deed_in_lieu_of_foreclosure type Redirect.
• Deed_in_lieu_of_foreclosure type Work.
• Deed_in_lieu_of_foreclosure comment "A deed in lieu of foreclosure is a deed instrument in which a mortgagor (i.e. the borrower) conveys all interest in a real property to the mortgagee (i.e. the lender) to satisfy a loan that is in default and avoid foreclosure proceedings.The deed in lieu of foreclosure offers several advantages to both the borrower and the lender. The principal advantage to the borrower is that it immediately releases him/her from most or all of the personal indebtedness associated with the defaulted loan.".
• Deed_in_lieu_of_foreclosure label "Deed in lieu of foreclosure".
• Deed_in_lieu_of_foreclosure sameAs Q5249974.
• Deed_in_lieu_of_foreclosure sameAs Deed_in_lieu_of_foreclosure.
• Deed_in_lieu_of_foreclosure sameAs m.08l37x.
• Deed_in_lieu_of_foreclosure sameAs Q5249974.
• Deed_in_lieu_of_foreclosure sameAs 代替没收契据.
• Deed_in_lieu_of_foreclosure wasDerivedFrom Deed_in_lieu_of_foreclosure?oldid=685663094.
• Deed_in_lieu_of_foreclosure isPrimaryTopicOf Deed_in_lieu_of_foreclosure.