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What are the qualifications for a deed in lieu?

April 26, 2017deed lieu qualifications

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What are the qualifications for a deed in lieu?

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Luke – Deed in lieu transactions are rare. First requirement, no other liens on the home. Speak with your lender. They will complete and appraisal and let you know if it is possible. If you are able to obtain a deed in lieu, it may affect your ability to obtain a loan for the second home. There are credit dings for defaults, however they are handled.