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DEED IN LIEU OF FORECLOSURE



This Deed in Lieu of Foreclosure (the Agreement) is made and effective [DATE],



BETWEEN:  [YOUR COMPANY NAME] (the "Grantor"), a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at:

  [YOUR COMPLETE ADDRESS]


AND:  [GRANTEE NAME] (the "Grantee"), an individual with his main address located at OR a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at:

  [COMPLETE ADDRESS] 


RECITALS

FOR VALUABLE CONSIDERATION, receipt of which is hereby acknowledged, Grantor hereby grants to Grantee the following described real property in the State of [STATE/PROVINCE].

[DESCRIPTION OF PROPERTY]


This deed is an absolute conveyance, the Grantor having sold the above-described real property to the Grantee for a fair and adequate consideration, such consideration being full satisfaction of all obligations secured by the deed of trust heretofore executed by Grantor. Grantor declares that this conveyance is freely and fairly made and that there are no agreements, oral or written, other than this deed between Grantor and Grantee with respect to the above-described real property.


IN WITNESS WHEREOF, the parties hereto have executed this Agreement on the date first above written. 


GRANTOR            GRANTEE



                          
Authorized Signature          Authorized Signature

                          
Print Name and Title          Print Name and Title


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