A Deed in lieu of foreclosure is a deed instrument in which a mortgagor (i.e. the borrower) conveys all interest in a real property to the mortgagee (i.e. the lender) to satisfy a loan that is in default and avoid foreclosure proceedings.
Legend definition, a nonhistorical or unverifiable story handed down by tradition from earlier times and popularly accepted as historical. See more. Dictionary.com
(fÄâ²bÉl) n. 1. A usually short narrative making an edifying or cautionary point and often employing as characters animals that speak and act like humans. 2. A story about legendary persons and exploits. 3. A falsehood; a lie.