Escrow & Title (alternative)
In Maryland, a 'deed in lieu of foreclosure' allows a borrower to:
ARefinance their mortgage to avoid foreclosure
BVoluntarily deed the property to the lender in exchange for the lender releasing the mortgage obligation✓ Correct
CSell the property before foreclosure at any price
DTransfer the mortgage to a family member
Explanation
A deed in lieu of foreclosure is an alternative to foreclosure where the borrower voluntarily transfers title to the lender, and in exchange, the lender releases the mortgage — avoiding the formal foreclosure process.
Related Maryland Escrow & Title (alternative) Questions
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