Deed in Lieu of Foreclosure (Commercial Real Estate) (IL) | Practical Law

Deed in Lieu of Foreclosure (Commercial Real Estate) (IL) | Practical Law

A deed transferring title to commercial real estate in Illinois from a borrower (grantor) to its lender (grantee) relating to a deed in lieu of foreclosure transaction. This deed in lieu of foreclosure is drafted in favor of the lender. This Standard Document has integrated notes with important explanations and drafting and negotiating tips for both lenders and borrowers.

Deed in Lieu of Foreclosure (Commercial Real Estate) (IL)

Practical Law Standard Document w-023-8732 (Approx. 27 pages)

Deed in Lieu of Foreclosure (Commercial Real Estate) (IL)

by Practical Law Real Estate
MaintainedIllinois
A deed transferring title to commercial real estate in Illinois from a borrower (grantor) to its lender (grantee) relating to a deed in lieu of foreclosure transaction. This deed in lieu of foreclosure is drafted in favor of the lender. This Standard Document has integrated notes with important explanations and drafting and negotiating tips for both lenders and borrowers.