Can A Bank Still Sue Me if I Do a Deed-in-Lieu of Foreclosure?

There are multiple factors in play when you choose to do a deed-in-lieu of a foreclosure. Transferring the ownership of the property back to the bank satisfies the ownership, but the debt on the property is still due. It's important to discuss with your attorney the options you have to address the remaining debt on your property and what needs to happen to it during your proceedings. Find out more in the video above.