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).

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.

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).

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. With so many documents to sign, closing day can be a stressful time.

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).

A portion of your monthly payment will be placed in an escrow account for your lender to use to pay your homeowners insurance, which protects against storm damage, fire, theft, and accidents that may occur on your property. Closing costs shouldn’t be a surprise, so let’s review what ...

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.

Potential Mortgage Assistance Solutions. Solutions may include, but are not limited to: refinancing; repayment plans; loan modification; short sale; and. Deed in Lieu of Foreclosure. Complete a mortgage assistance application online now and let us know what’s going on.

Paying Off Your Mortgage with Mr. Cooper. Payoffs must be made via certified funds—wire transfer, money order, or cashier’s check. Please do not send personal checks, certified personal checks, or cash.