DIL means that you voluntarily transfer ownership of your home to your lender, the lender terminates the loan, and the remaining balance due is forgiven. Another alternative to foreclosure is called Deed in Lieu of Foreclosure (DIL).

DIL means that you voluntarily transfer ownership of your home to your lender, the lender terminates the loan, and the remaining balance due is forgiven. Another alternative to foreclosure is called Deed in Lieu of Foreclosure (DIL).

DIL means that you voluntarily transfer ownership of your home to your lender, the lender terminates the loan, and the remaining balance due is forgiven. Another alternative to foreclosure is called Deed in Lieu of Foreclosure (DIL).

DIL means that you voluntarily transfer ownership of your home to your lender, the lender terminates the loan, and the remaining balance due is forgiven. Another alternative to foreclosure is called Deed in Lieu of Foreclosure (DIL).

Deed – This document is used to validate that you are an owner of the property. Document that transfers ownership to a spouse or children – These documents are used to validate that the property was transferred to your spouse or child.

DIL means that you voluntarily transfer ownership of your home to your lender, the lender terminates the loan, and the remaining balance due is forgiven. Another alternative to foreclosure is called Deed in Lieuof Foreclosure (DIL).

During the meeting, you’ll sign all the mortgage closing documents related to the home sale, including the mortgage note and home deed. These documents officially transfer ownership of the home to you.

If you want to transfer ownership of your property into a Trust or to your spouse/children, you’ll need to notify Mr. Cooper and provide one or more of the following documents: Deed – This document is used to validate that you are an owner of the property.

Deed in Lieu of Foreclosure. Complete a mortgage assistance application online now and let us know what’s going on. We’ll help you determine a plan of action and next steps based upon your circumstances.

Removing a Spouse’s Name from the Mortgage. There are 2 ways to remove a spouse’s name from the mortgage: Release of liability – You can ask your lender for a release of liability. This is a document that releases a borrower from their obligation to pay back the loan.