Freddie Mac Seller/Servicer Guide 9209.1: Deed-in-lieu of foreclosure eligibility requirements and Servicer approval authority
A Freddie Mac Standard Deed-in-Lieu of Foreclosure (“deed-in-lieu of foreclosure”) is a Borrower’s voluntary conveyance of clear and marketable title to the property to Freddie Mac in exchange for a discharge of debt.
Freddie Mac publishes the full text of this section: Freddie Mac Seller/Servicer Guide 9209.1 on the Freddie Mac website. Zeitro Strata answers questions about it with the passage and page cited.
What this section covers
- (a) Eligibility requirements for a deed-in-lieu of foreclosure
- (b) Servicer approval authority
- (c) Property requirements
- (d) Submitting a deed-in-lieu of foreclosure recommendation to Freddie Mac
Guideline text quoted as published by the agency. The latest published version governs. This is not an underwriting decision.