Upcoming Foreclosures

Legal term for surrendering real estate back to the lender?

It is an agreement between the mortgager and mortgagee to surrender the property back to the lender (not foreclosure) - just cant remember - thanks!

Public Comments

1. It is called a deed in lieu of foreclosure.
2. foreclosure - sorry. I didn't read your whole question at first
3. Usually it involves signing a "Quitclaim Deed" back to the lender.