Definitions for "Voluntary Conveyance"
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A transfer of title to real property, usually from a delinquent mortgagor to the mortgagee, given voluntarily to satisfy the balance due on a defaulted loan and to avoid foreclosure proceedings. Also called "deed in lieu of foreclosure" or "voluntary deed."
Voluntarily signing over to a lender the property pledged as collateral on a defaulted loan. (See deed in lieu of foreclosures)
a transfer made in good faith without consideration or for a mere nominal consideration
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