Apr 12, 2019
Deed in Lieu in Commercial Real Estate
In real estate, a deed in lieu, also known as a deed in lieu of foreclosure, is a potential alternative to a foreclosure or a short sale. It generally involves handing a lender the deed to a property in exchange or being released from all related debt obligations. For commercial real estate borrowers who have defaulted on their loans, a deed in lieu of foreclosure has several advantages to foreclosures and short sales, but they aren’t a good option in every situation.