About this document
Disadvantages of Deeds in Lieu for Lenders by heather_estes is a document available to read on EtoBox.
This document summarizes the advantages and disadvantages of accepting deeds in lieu of foreclosure (DLF) from the perspective of mortgage lenders. The advantages include a quicker disposition process than foreclosure, protection from work stoppages on construction loans, lower costs than foreclosure or receivership, preventing asset deterioration, faster property sale, and less disruption than foreclosure. The disadvantages are lack of ability to pursue borrowers for deficiency claims, potential delays fro
- Author
- heather_estes
- Language
- EN