How does a deed in leiu work? Do I need an attorney?

  • Thread starter Thread starter Kris
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Kris

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Considering a deed in leiu if I cannot sell my house soon. I know the bank can ask me to... "pay a small fee to help offset the banks loss". But I'm wondering if I should have an attorney to make sure my name is off of everything, and make sure things go smoothly. Or can I trust the bank to get all the paperwork right & I'll have nothing more to worry about?
 
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