Question: A lender whose mortgagor has defaulted may be offered a deed in lieu of foreclosure. If he accepts, which of the following will be TRUE?

A lender whose mortgagor has defaulted may be offered a deed in lieu of foreclosure. If he accepts, which of the following will be TRUE?

a. Because it is voluntary, it will not be an adverse item on the buyer's credit.

b. The lender will take the title subject to any junior liens.

c. The lender will usually retain his rights under mortgage insurance or VA guarantee.

d. The loan will still be assumable.

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