Escrow & Title
A Georgia 'deed in lieu of foreclosure' involves the borrower:
AFiling for bankruptcy to stop foreclosure
BVoluntarily conveying title to the lender to avoid foreclosure✓ Correct
CRefinancing the loan at a lower rate
DSelling the property for less than the mortgage balance
Explanation
A deed in lieu of foreclosure is a voluntary conveyance of the property by the borrower to the lender, allowing the lender to avoid the foreclosure process. The lender may release the borrower from the mortgage debt.
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