Under a Deed in Lieu of Foreclosure,the Property Is Conveyed

question 9

True/False

Under a deed in lieu of foreclosure,the property is conveyed to the lender in satisfaction of the mortgage.

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Definitions:

Nearest Cent

The nearest cent is a rounding approach where prices or amounts are rounded up or down to the nearest one-hundredth of a dollar.

Evaluate

To carefully assess or appraise the value, quality, or performance of someone or something.

Nearest Cent

Rounding an amount to the closest cent (1/100th of a currency unit) in financial calculations.

Evaluate

To assess or examine something in order to gain an understanding of it, often leading to a judgment or conclusion.