'Deed in lieu' can be useful alternative to foreclosure or short sale - Press of Atlantic City: Southern New Jersey Real Estate - PressofAtlanticCity.com

'Deed in lieu' can be useful alternative to foreclosure or short sale

Handing over deed may save time, avoid residual debt

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Posted: Sunday, February 12, 2012 12:00 am

A method of dealing with distressed properties little known since the Great Depression is becoming more widespread again in the drawn-out U.S. housing crisis.

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