Finance
In Wyoming, a lender who accepts a property through a deed in lieu of foreclosure:
AMust still go through the full foreclosure process
BTakes title to the property and the borrower is potentially released from the debt✓ Correct
CCan only sell the property through a licensed Wyoming broker
DCannot later pursue the borrower for any deficiency
Explanation
When a lender accepts a deed in lieu, they take title to the property and may agree to release the borrower from the deficiency. Whether the deficiency is waived depends on the agreement. If not explicitly waived, the lender may potentially pursue a deficiency judgment.
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