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
Part of the Internet acronyms and lingo glossary: An urban legend is a tale of contemporary folklore that purports to be true and is often designed to elicit an emotional response from the audience.On the Internet, urban legends are spread and survive over time through repeated e-mail forwardings and Web site postings.Like traditional legends, urban legends can seldom be traced to a single author. An urban legend often revolves around a strong central character or social issue of contemporary interest.n the Internet, urban legends are spread and survive over time through repeated e-mail forwardings and Web site postings. Like traditional legends, urban legends can seldom be traced to a single author. An urban legend often revolves around a strong central character or social issue of contemporary interest.