Deed in Lieu Agreement Drafter
Draft a deed-in-lieu agreement with the protections a lender needs against junior liens
0 downloads on LenderSkills
Install it in one line — paste a single command into Claude, ChatGPT or Cursor and it writes the skill into your project.
Free, and about thirty seconds: a work email and a six-digit code.
Downloading shares your name, firm, role, and email with CaseMark. That introduction is what keeps every skill here free.
What this skill does
Drafts the agreement for a borrower to hand the property back instead of going through foreclosure: the conveyance, how the debt and any deficiency are treated, releases, representations, closing and recording, and tax reporting. The draft goes to your attorney to finish.
What it does
- Collects loan, payoff, legal description and junior-lien information before drafting
- Drafts the conveyance, deficiency election, releases, representations and closing mechanics
- Adds a non-merger clause and borrower estoppel affidavit so the lender can still deal with junior liens
- Flags bankruptcy look-back risk when the property is worth more than the debt
- Lists state recording, notary and witness items to confirm
When to use it
- A defaulted borrower offers to hand over the keys
- Comparing a deed in lieu with foreclosure
- Settling a workout
What to have ready
- The note and recorded security instrument
- A payoff figure as of a date
- A current title search showing junior liens
- The agreed deal terms: deficiency, cash for keys, credit reporting
How to use it
- Download it with the button above. You'll sign in with a work email — that's how the creator knows who is using their skill.
- Copy the install prompt from the "Run it in Claude" box, and paste it into Claude along with the file. Claude installs the skill, fills in your firm's details where the file has
[BRACKETED]placeholders, and runs a quick test with you. - Then just ask in plain English. Claude picks the skill up on its own when a request matches it. Anything it still needs, it asks you for — it won't invent a number.
"Draft a deed-in-lieu agreement for the [PROPERTY ADDRESS] loan to [BORROWER LLC]; balance $[AMOUNT], one junior mechanic's lien, deficiency waived."
What you get back
A draft deed-in-lieu agreement with lender-protection clauses and a list of state-specific items for counsel.
Good to know
- Output quality tracks input quality. A missing figure is flagged as missing — it is never estimated to fill a gap.
- Every draft is a starting point for your own review, not a finished decision.
- Runs anywhere Claude does: the Claude app, Claude Desktop, or Claude Code.
- Draft for attorney review only. A deed in lieu does not wipe out junior liens, and a recorded release of the lender's lien can make them harder to remove — confirm the approach with counsel and the title insurer. Tax reporting (Forms 1099-A/1099-C) should be confirmed with a tax advisor. Owner-occupied homes need counsel.
Source & credit
Imported from CaseMark's open-source skills library (Apache-2.0). Author: CaseMark, Inc. — https://github.com/CaseMark/skills. LenderSkills renamed the skill for this catalogue, added a draft-only and business-purpose note, added lender protections (non-merger, estoppel affidavit, bankruptcy risk), and made the release and mortgage satisfaction conditional on there being no junior liens; it also appended a legal disclaimer, and the package header lists every change. The author's content is otherwise unmodified. Full credit to the author. CaseMark did not submit this listing and does not endorse it — the original is free at the link above.
Legal disclaimer
This skill drafts; it does not decide. Its output is not legal, tax, accounting, appraisal, or investment advice, and using it creates no attorney-client, fiduciary, or advisory relationship. Nothing it produces is a commitment to lend or an offer to sell a security. Verify every number, date, citation, and conclusion against the source documents, and have a qualified professional licensed in the relevant jurisdiction review the work before you rely on it or send it to a borrower, investor, counterparty, or regulator. Laws, rates, and market data change. The final work product is yours.
Inside this skill
The actual file you get. Members can read it in full before saving it.
Deed in Lieu of Foreclosure Agreement
Drafts a recordable agreement transferring property from borrower to lender in full satisfaction of a defaulted secured debt, as an alternative to formal foreclosure.
LenderSkills note: Everything this skill produces is a draft for review and completion by the lender's attorney, not a finished document and not legal advice. It is written for business-purpose commercial loans. If the borrower is an individual borrowing for personal, family or household purposes, or the property is the borrower's home, stop and send the file to counsel: consumer-lending rules apply and this template does not address them.
Prerequisites
Collect before drafting:
- Loan documents — note, mortgage/deed of trust with recording date, instrument number, recorder's office
- Payoff figures — outstanding principal, accrued interest, fees as of a specific date
- Legal description — verbatim from the recorded mortgage/deed of trust
Reading the full skill counts as a download. The contributor receives your name, company, and email.
Ratings & reviews
No written reviews yet. If you run this on a live file, say how it went. The next lender reading this page is deciding whether to trust it.
Examination record
Run it in Claude
- Copy the install command above
- Paste it into Claude, ChatGPT or Cursor
- It writes the skill in, fills in your firm’s details, and test-runs it with you
Prefer the file? The prompt above is for a package you already downloaded.
Details
More from CaseMark
Imported from their public repository with attribution. Their other skills, and where to find the original, are on their contributor page.