A deed in lieu of foreclosure provides several benefits to a lender and borrower. The primary benefit to a lender of a deed in lieu is quick control of the income and operation of. the property, allowing the mortgagee to initiate actions to maximize the value of the property.
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Notes: 1996 Charles E. Peterson Prize, Entry. Significance: Located in the County Seat of Fluvanna, the Fluvanna County Jail stands proudly as a memorial to the unprecedented construction and growth in Virginia during the early 19th century.