You need to sign several legal documents such as the Agreement in Lieu of Foreclosure and a Deed. The first document sets out the terms and conditions of the deed-in-lieu, and is signed by both the lender and borrower. The second document, which is the deed, conveys legal ownership of the property to the lender. The lender marks the borrower's note as paid and provides the borrower with two documents. The first states that the debt is canceled. The second waives the lender's right to a deficiency judgment. The agreement for deed in lieu of foreclosure is executed through an escrow company. No one can know what the record is in the case because online we cannot find out any details. Check with a lawyer in your locale to discuss more of the details.