by eespin | Articles, Attorneys, Content Marketing, FAQ, Law Firms, Legal:, Marketing, Video, Web Design, Website Design, Website Development
A foreclosure is essentially a legally-forced change in possession, where a lender seizes collateralized property – such as a home – when a borrower is unable to pay the loan. While laws vary by state, borrowers typically have a ‘period of...
by eespin | Advertising, Articles, Attorneys, Blogging, Law Firms, Legal:, Marketing, Video, Web Design, Website Design, Website Development
Deed In Lieu’ is a common short-hand term for this situation: a borrower can’t make loan payments, and hands over their deed to the property instead, so that the lender does not have to take the home. The full phrase is ‘deed in lieu of...
