In order to do a deed in lieu of foreclosure, you need to have an agreement from the lender holding the mortgage or trust deed secured by your home to accept the deed in lieu of foreclosure from you. Without an agreement from the lender any signed and recorded deed in lieu of foreclosure can be disclaimed by the lender concerning its loan secured by your home.A deed in lieu of foreclosure is similar to a deed but is a special document where in exchange for no foreclosure proceedings concerning a given property by the secured lender, the property owner will transfer legal title to the lender.Given your situation, I suggest that you consult with a real estate attorney about your desires.Good luck.