Loan workouts are the same as deeds in lieu of foreclosure.

Name: Loan workouts are the same as deeds in lieu of foreclosure.
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Question

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Loan workouts are agreements between a lender and borrower to restructure or adjust the terms of an existing loan to avoid default or foreclosure, whereas a deed in lieu of foreclosure is a specific type of agreement where the borrower transfers the title of the property to the lender to satisfy a loan that is in default and avoid foreclosure proceedings.

Loan Workouts Are the Same as Deeds in Lieu of Foreclosure