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
Urban Legends What is an urban legend? Urban legends are incredible stories â sometimes scary, sometimes funny â which have a tantalizing bit of plausibility to them. Urban legends contain many folkloric elements and they spread quickly through a community or society. The tales are usually told dramatically, as if they are true stories that have happened to a real people, although they may in fact be fictional. Local touches are often added to the legend.