Finance
A Mississippi borrower who conveys their property to the lender to avoid foreclosure is using a:
AShort sale
BDeed in lieu of foreclosure✓ Correct
CLoan modification
DForbearance agreement
Explanation
A deed in lieu of foreclosure is a voluntary conveyance of the property to the lender to satisfy the debt and avoid the formal foreclosure process. It may have less impact on the borrower's credit than a foreclosure.
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