{"id":4751,"date":"2013-04-25T15:03:59","date_gmt":"2013-04-25T15:03:59","guid":{"rendered":"http:\/\/www.anthonydidonato.net\/wordpress\/?p=4751"},"modified":"2013-04-25T15:03:59","modified_gmt":"2013-04-25T15:03:59","slug":"banks-increasingly-turning-to-deeds-in-lieu-of-foreclosure","status":"publish","type":"post","link":"http:\/\/www.anthonydidonato.net\/wordpress\/banks-increasingly-turning-to-deeds-in-lieu-of-foreclosure\/","title":{"rendered":"Banks Increasingly Turning to Deeds-in-Lieu of Foreclosure"},"content":{"rendered":"<h2>Banks Increasingly Turning to Deeds-in-Lieu of Foreclosure<\/h2>\n<div id=\"attachment_4752\" style=\"width: 400px\" class=\"wp-caption alignleft\"><a href=\"http:\/\/www.anthonydidonato.net\/wordpress\/wp-content\/uploads\/2013\/04\/ID-10043403.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-4752\" class=\"size-full wp-image-4752\" alt=\"Banks Increasingly Turning to Deeds-in-Lieu of Foreclosure.  Image courtesy of digitalart \/ FreeDigitalPhotos.net\" src=\"http:\/\/www.anthonydidonato.net\/wordpress\/wp-content\/uploads\/2013\/04\/ID-10043403.jpg\" width=\"400\" height=\"400\" srcset=\"http:\/\/www.anthonydidonato.net\/wordpress\/wp-content\/uploads\/2013\/04\/ID-10043403.jpg 400w, http:\/\/www.anthonydidonato.net\/wordpress\/wp-content\/uploads\/2013\/04\/ID-10043403-150x150.jpg 150w, http:\/\/www.anthonydidonato.net\/wordpress\/wp-content\/uploads\/2013\/04\/ID-10043403-300x300.jpg 300w\" sizes=\"auto, (max-width: 400px) 100vw, 400px\" \/><\/a><p id=\"caption-attachment-4752\" class=\"wp-caption-text\">Banks Increasingly Turning to Deeds-in-Lieu of Foreclosure. Image courtesy of digitalart \/ FreeDigitalPhotos.net<\/p><\/div>\n<p>&nbsp;<\/p>\n<p>Short sales and loan modifications have grown to help offset foreclosures, but banks are also turning to deeds-in-lieu of foreclosure more too. Slightly above 20,000 deeds-in-lieu of foreclosure occurred nationwide in 2012, which is up nearly 40 percent from 2011, according to RealtyTrac.<\/p>\n<p>Some states are even seeing larger increases. For example, deeds in lieu of foreclosure skyrocketed 76 percent year-over-year in California, 53 percent in Nevada, and 49 percent in Florida.<\/p>\n<p>Deeds-in-lieu of foreclosure permit a lender to take possession of a home without having to undergo the foreclosure process. The home owner is allowed to leave their mortgage debt and avoid foreclosure by turning over the home to the bank. Often times, a deed- in-lieu of foreclosure offers \u201ccash for keys,\u201d providing a cash payment to the distressed home owner in order for them to vacate the home, without letting the home fall into foreclosure.<\/p>\n<p><em>Source: \u201c<a href=\"http:\/\/www.forbes.com\/sites\/darenblomquist\/2013\/04\/23\/deeds-in-lieu-of-foreclosure-naughty-or-nice\/\" target=\"_blank\">Deeds in Lieu of Foreclosure: Naughty or Nice?<\/a>\u201d Forbes (April 23, 2013)<\/em><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Banks Increasingly Turning to Deeds-in-Lieu of Foreclosure &nbsp; Short sales and loan modifications have grown to help offset foreclosures, but banks are also turning to deeds-in-lieu of foreclosure more too. Slightly above 20,000 deeds-in-lieu of foreclosure occurred nationwide in 2012, which is up nearly 40 percent from 2011, according to RealtyTrac. Some states are even &hellip; <\/p>\n<p><a class=\"more-link btn\" href=\"http:\/\/www.anthonydidonato.net\/wordpress\/banks-increasingly-turning-to-deeds-in-lieu-of-foreclosure\/\">Continue reading<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,8],"tags":[5,32,4,9],"class_list":["post-4751","post","type-post","status-publish","format-standard","hentry","category-news","category-real-estate-tips","tag-anthony-didonato","tag-news","tag-real-estate","tag-tips","item-wrap"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Banks Increasingly Turning to Deeds-in-Lieu of Foreclosure - Real Estate Agent and Sales in PA - Anthony DiDonato Broomall, Media, Delaware County and surrounding areas in Pennsylvania<\/title>\n<meta name=\"description\" content=\"Banks Increasingly Turning to Deeds-in-Lieu of Foreclosure. Deeds-in-lieu of foreclosure permit a lender to take possession of a home without foreclosure.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.anthonydidonato.net\/wordpress\/banks-increasingly-turning-to-deeds-in-lieu-of-foreclosure\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/banks-increasingly-turning-to-deeds-in-lieu-of-foreclosure\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/banks-increasingly-turning-to-deeds-in-lieu-of-foreclosure\\\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"headline\":\"Banks Increasingly Turning to Deeds-in-Lieu of Foreclosure\",\"datePublished\":\"2013-04-25T15:03:59+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/banks-increasingly-turning-to-deeds-in-lieu-of-foreclosure\\\/\"},\"wordCount\":187,\"publisher\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"image\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/banks-increasingly-turning-to-deeds-in-lieu-of-foreclosure\\\/#primaryimage\"},\"thumbnailUrl\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/wp-content\\\/uploads\\\/2013\\\/04\\\/ID-10043403.jpg\",\"keywords\":[\"Anthony DiDonato\",\"News\",\"Real Estate\",\"tips\"],\"articleSection\":[\"News\",\"Real Estate Tips\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/banks-increasingly-turning-to-deeds-in-lieu-of-foreclosure\\\/\",\"url\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/banks-increasingly-turning-to-deeds-in-lieu-of-foreclosure\\\/\",\"name\":\"Banks Increasingly Turning to Deeds-in-Lieu of Foreclosure - Real Estate Agent and Sales in PA - Anthony DiDonato Broomall, Media, Delaware County and surrounding areas in Pennsylvania\",\"isPartOf\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/banks-increasingly-turning-to-deeds-in-lieu-of-foreclosure\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/banks-increasingly-turning-to-deeds-in-lieu-of-foreclosure\\\/#primaryimage\"},\"thumbnailUrl\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/wp-content\\\/uploads\\\/2013\\\/04\\\/ID-10043403.jpg\",\"datePublished\":\"2013-04-25T15:03:59+00:00\",\"description\":\"Banks Increasingly Turning to Deeds-in-Lieu of Foreclosure. 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Skilled, smart and enthusiastic about his work and his life, Anthony DiDonato has the appealing combination of business sense and people skills gives him an edge in an industry that demands both. Educated at Drexel University with a dual major in accounting and finance and minors in management and psychology Anthony DiDonato offers over 25 years of experience in the real estate industry. He has been a real estate investor since 1985 and a member of H.A.P.C.O. (Landlord Association). He became a licensed Realtor in 1992 and a member of the Local, Pennsylvania and National Associations of Realtors. Anthony DiDonato is also a member of the Computerized Multiple Listings, (MLS) and Internet Marketing Programs. In 1997 Anthony DiDonato became Century 21 All-Elite, Inc. Corporate Secretary. Anthony DiDonato believes in taking his profession to the highest level of quality service. 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Skilled, smart and enthusiastic about his work and his life, Anthony DiDonato has the appealing combination of business sense and people skills gives him an edge in an industry that demands both. Educated at Drexel University with a dual major in accounting and finance and minors in management and psychology Anthony DiDonato offers over 25 years of experience in the real estate industry. He has been a real estate investor since 1985 and a member of H.A.P.C.O. (Landlord Association). He became a licensed Realtor in 1992 and a member of the Local, Pennsylvania and National Associations of Realtors. Anthony DiDonato is also a member of the Computerized Multiple Listings, (MLS) and Internet Marketing Programs. In 1997 Anthony DiDonato became Century 21 All-Elite, Inc. Corporate Secretary. Anthony DiDonato believes in taking his profession to the highest level of quality service. 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