Question

A condition in a mortgage that gives the borrower full title to property once all repayment terms are satisfied.

A. Alienation clause
B. Due diligence
C. Deed in lieu of foreclosure
D. Prepayment penalty

Answer 1

The condition in a mortgage that gives the borrower full title to property once all repayment terms are satisfied is a Deed in lieu of foreclosure.

Step-by-step explanation:

The correct answer is C. Deed in lieu of foreclosure. This condition in a mortgage allows the borrower to obtain full title to the property once all repayment terms are satisfied. A deed in lieu of foreclosure occurs when the borrower voluntarily transfers ownership of the property to the lender instead of going through a foreclosure process. It is a way to avoid foreclosure and the borrower can gain clear title to the property.