Property Ownership
In Missouri, 'deed in lieu of foreclosure' involves:
AThe lender filing for foreclosure without court proceedings
BThe borrower voluntarily transferring title to the lender to avoid foreclosure✓ Correct
CA court order to sell property at auction
DA junior lienholder taking title
Explanation
A deed in lieu of foreclosure is an agreement where the distressed borrower voluntarily conveys title to the lender. This avoids the time and cost of formal foreclosure for both parties, though the lender may not accept if there are junior liens.
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