Property Ownership
What is a 'deed in lieu of foreclosure' in Idaho?
AA deed used instead of a warranty deed
BAn arrangement where a borrower voluntarily transfers property to the lender to avoid foreclosure proceedings✓ Correct
CA deed transferring property to the county
DA deed automatically issued after a foreclosure sale
Explanation
A deed in lieu of foreclosure allows a borrower to voluntarily transfer property to the lender to satisfy the debt and avoid the time and expense of formal foreclosure proceedings. The lender may accept this as an alternative to foreclosure.
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