Return the property — avoid the auction.
Deed-in-Lieu of Foreclosure
A deed-in-lieu of foreclosure is an agreement where you voluntarily transfer ownership of your home back to the lender in exchange for being released from your mortgage obligation. It's not the right solution for everyone, but for homeowners who have exhausted other options and simply want to move on, it can provide a cleaner, faster resolution than a full foreclosure.
What We Do
We evaluate whether a deed-in-lieu is appropriate for your situation, prepare the necessary documentation, and negotiate with your lender for the most favorable terms — including potential relocation assistance and a deficiency waiver. We make sure you understand the full implications before proceeding.
Key Benefits
- Avoid the public foreclosure auction process
- Faster resolution than a contested foreclosure
- Potential relocation assistance negotiated with lender
- Less credit damage than a full foreclosure in many cases
- Clear, documented release from mortgage obligation
How It Works
- 1
Eligibility Review
We confirm the property is free of junior liens and meets lender requirements for a deed-in-lieu.
- 2
Lender Request
We formally request deed-in-lieu consideration from your servicer and submit required documentation.
- 3
Negotiation
We negotiate terms including deficiency waiver and any relocation assistance available.
- 4
Transfer & Release
We guide you through the deed transfer and confirm your release from the mortgage obligation.
Ready to explore your options?
Every homeowner's situation is unique. Reach out and Wade Wright will personally help you identify the right path forward — no pressure, no obligation.