![]() ![]() When such a transfer occurs without adequate consideration of the conveyor, the original owner who shall be making the transfer must be prepared to explain the transfer. If the lender accepts a voluntary conveyance of title or a voluntary surrender of the property, the notice of default and acceleration under § 201.50(b) shall not be required. Voluntary conveyance is the intentional transfer of a title to a property from one individual to another through a deed. Voluntary conveyance is a method of liquidation by which title. The lender may accept voluntary surrender of the property without satisfaction of the borrower's obligation, provided that if the lender intends thereafter to submit a claim under its contract of insurance, the lender shall acquire title to or ownership of the property and then dispose of and sell the property in compliance with State and local law, so as to assure that it can assign a valid and enforceable obligation, including any deficiency against the borrower, to the Secretary when submitting its claim. (9) Disposition means a voluntary conveyance or transfer of the title to or other ownership interest in any commercial real estate specified in a. 21, 1997 1955.10 Voluntary conveyance of real property by the borrower to the Government. The lender may accept a voluntary conveyance of title to or ownership of the property securing a manufactured home loan which is in default, provided that (a) the lender accepts the conveyance in full satisfaction of the borrower's obligation, and (b) no claim is submitted under its contract of insurance. ![]() eCFR The Electronic Code of Federal Regulations Title 7 Displaying title 7, up to date as of. Most of the time, title to property, or the ownership of it, is conveyed or transferred voluntarily from one owner to another, which is a transaction formally known as voluntary alienation. 9 - Requirements for voluntary conveyance of real property located within a federally recognized Indian reservation owned by a Native American borrower-owner. § 201.52 Acquisition by voluntary conveyance or surrender. Real Estate License Exam questions about transfer of property tend to be definitional, using short cases to get the right answers out of you. ![]()
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