
Escrow agreement; Bill of sale; Assignment of leases, rents and security deposits; Assignment of contracts, warranties, permits, and licenses; A. With a deed in lieu, you simply give the property back to the bank and move out. In most cases, the lender will agree to forgive the balance on the loan if the. Leading Bank in the Americas1 Core markets: Canada, US, Mexico, Peru, Once the foreclosure or deed-in-lieu of foreclosure process is completed.