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A deed in lieu of foreclosure is a deed instrument in which a mortgagor (i.e. the borrower) conveys all interest in a real property to the mortgagee (i.e. the lender) to satisfy a loan that is in default and avoid foreclosure proceedings. The deed in lieu of foreclosure offers several advantages to both the borrower and the lender.
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This is how it works: After foreclosure, your lender or a new owner may file for eviction if you’re still on the property. Like foreclosure, the eviction process varies by state and location ...
A deed in lieu of foreclosure is generally a last-resort step taken by a homeowner to avoid a foreclosure, says Alesia Parker, branch manager at Silverton Mortgage, an Atlanta-based residential ...
Ohio Township is one of twenty-five townships in Bureau County, Illinois, United States. As of the 2020 census, its population was 814 and it contained 396 housing units. [1] Ohio Township changed its name from Richland Township in June 1850.
Illinois's FIPS state code is 17 and its postal abbreviation is IL. What is now Illinois was claimed as part of Illinois County, Virginia, between 1778 and 1782. Modern-day county formation dates to 1790 when the area was part of the Northwest Territory; two counties—St. Clair and Knox—were created at that time.
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This is a non-diffusing subcategory of Category:Unincorporated communities in Illinois. It includes unincorporated communities that can also be found in the parent category, or in diffusing subcategories of the parent.
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