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
Folklore is a culture's set of traditional stories and beliefs, which include urban legends, popular myths, jokes and the like. Myths are stories that are collectively believed to be true but which are actually false.egend, Myths and Folklore. On LiveScience you can also find our list of The Most Popular Myths in Science, which crossed over a bit into the world of urban legend and folklore. Our bad. Myths, legends and folklore are actually very different things, experts say.