Voluntary Conveyance

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Related to Voluntary Conveyances: Deed in lieu of foreclosure

Voluntary Conveyance

1. The sale of real estate without regard for its value. For example, one may voluntarily convey a house if one sells it for $1. Voluntary conveyance may be a form of fraud under some circumstances.

2. A situation in which one gives real estate to the bank holding the mortgage on that real estate. Voluntary conveyance is done if the owner of the real estate can no longer make payments and wishes to avoid foreclosure.
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