Gather your financial documents, such as mortgage statements, bank statements, and pay stubs. Fill out the deed in lieu of foreclosure form and submit the requested documentation. Sign and ...

A mortgage deed remains in effect for as long as the loan exists. This makes it a vital document in any property transaction.

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Betsy began her career in international ...