Escrow & Title
A Nebraska seller conveys property using a 'deed in lieu of foreclosure' to the lender. This means the seller:
ASues the lender to force the foreclosure to stop
BVoluntarily transfers title to the lender to avoid foreclosure proceedings✓ Correct
CReceives a second mortgage to pay off the first
DTransfers title to a family member to hide equity from the lender
Explanation
A deed in lieu of foreclosure allows a borrower to deed the property directly to the lender in exchange for being released from the mortgage debt, avoiding the cost and credit damage of a formal foreclosure.
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