A form of deed-in-lieu of foreclosure agreement used when a borrower transfers title to mortgaged property to a lender to avoid foreclosure. This Standard Document is used when a loan is in distress and the borrower has no significant equity in the property. This Standard Document is jurisdictionally neutral and drafted with provisions favoring each of the lender and the borrower. It also contains integrated notes with important explanations and drafting and negotiating tips for both lenders and borrowers.