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22 October 2018 Wells Fargo Preservation FormsREADTI // PDF // ADQ6RZ22 October, 2018EBOOK WELLS FARGO PRESERVATION FORMS Document File type: PDF 403.82 KB022 October 2018 Wells Fargo Preservation

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What is deed in lieu of?

Deed in lieu of is a legal process where a borrower transfers the title of a property to the lender in order to avoid foreclosure.

Who is required to file deed in lieu of?

Borrowers who are unable to make their mortgage payments and want to avoid foreclosure may choose to file a deed in lieu of.

How to fill out deed in lieu of?

To fill out a deed in lieu of, the borrower must contact their lender to request the necessary paperwork and follow the instructions provided.

What is the purpose of deed in lieu of?

The purpose of deed in lieu of is to transfer ownership of the property back to the lender in exchange for forgiveness of the debt.

What information must be reported on deed in lieu of?

The deed in lieu of must include the property address, legal description, borrower and lender information, and the reason for the transfer.

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