Deed in lieu

Secured lending - US.

An arrangement that gives a borrower the option of surrendering the title deeds to mortgaged property, and thereby being released from any further obligations under the related borrowing.

See also

• Charge
• Deed
• Eviction
• Fixed charge
• Forbearance
• Foreclosure
• LTV
• Mortgage
• Real estate
• Repossession
• Security