Voluntary conveyance


Also found in: Legal, Financial.
(Law) a conveyance without valuable consideration.

See also: Voluntary

References in periodicals archive ?
A popular real estate strategy in the current economic environment is to "buy paper" with the hope of obtaining the property through the voluntary conveyance of the borrower in satisfaction of the debt or by foreclosure.
A trustee in bankruptcy has specific power to abandon negative assets under federal law, (155) and the analogy is not completely applicable to a voluntary conveyance.
Three common methods used to restructure debt between lenders and borrowers are: 1) terms of the loan are modified; 2) lender forgives all or a portion of loan; and 3) foreclosure or voluntary conveyance.

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