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STATE OF OHIO COUNTY OF DEED IN LIEU OF FORECLOSURES DEED IN LIEU OF FORECLOSURE is made and entered into this the day of, 20, by and between, as resident of the State of Ohio (hereinafter referred
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This deed in lieu is a document where the borrower voluntarily transfers the title of the property to the lender to avoid foreclosure.
The borrower who is unable to make mortgage payments is required to file this deed in lieu.
The borrower must complete the deed in lieu form provided by the lender, sign it, and submit it along with any accompanying documentation.
The purpose of this deed in lieu is to transfer ownership of the property to the lender to satisfy the debt and avoid the foreclosure process.
The deed in lieu must include the borrower's name, property address, loan details, and a statement of intent to transfer title to the lender.
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