is a deed in lieu of foreclosure for tenants
Court stated in 1987 there is no such deed as a deed-in-lieu of foreclosure.! In the case study, the lender seeks to gain control of the property to negotiate the expansion lease and retain the. major tenant. A deed in lieu can save the parties the time and expense of foreclosure and. receivership. A borrower may benefit in transactions in which the lender pays for part or all of. the expenses of the transfer, such as transfer taxes, title policy and recording costs.