DIL
Business & Finance abbreviation · Real Estate & Mortgage
| Stands for | Deed in lieu of foreclosure |
|---|---|
| Categories | Business & Finance |
DIL stands for Deed in lieu of foreclosure, a real estate & mortgage abbreviation.
Arrangement in which a borrower who cannot pay voluntarily transfers the property's title to the lender to satisfy the mortgage, avoiding a foreclosure sale.
Example: The lender accepted a DIL and waived the deficiency.
Usage notes
A deed in lieu usually hurts credit less than a foreclosure, but lenders generally accept it only if no other liens are on the property.
Related abbreviations
More real estate & mortgage abbreviations
- COA – Condominium owners association
- CoC – Cash-on-cash return
- COE – Certificate of Eligibility
- CPM – Certified Property Manager
- CRE – Commercial real estate
- CRS – Certified Residential Specialist
- DOM – Days on market
- DPA – Down payment assistance
- DR – Dining room
- DST – Delaware statutory trust
- EIK – Eat-in kitchen
- EMD – Earnest money deposit