The Law Dictionary

Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

DEED IN LIEU OF FORECLOSURE Definition & Legal Meaning

Definition & Citations:

Transfering ownership from a borrower who is in default to the lender of the mortgage. It is done to prevent expenses with foreclosure.


This article contains general legal information but does not constitute professional legal advice for your particular situation. The Law Dictionary is not a law firm, and this page does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.