Deed-in-lieu

How will this impact your current loan?

Monthly payment

Payments end when the Deed-in-lieu is completed.

Interest rate

The loan will be terminated and interest payments end upon completion of the deed-in-lieu.

Loan term (length)

N/A

Life of loan cost

Depending on the investor/insurer’s rules, part of the shortfall may need to be paid. Consult your tax professional to discuss any impact to tax liability.