Voluntary Conveyance

Transfer of title from a delinquent homeowner to a lender to satisfy the balance on a loan in default. The delinquent borrower transfers title on a voluntary basis, in order to avoid foreclosure.

Voluntary conveyance also refers to a transfer of property made without adequate consideration, such as a deed transferring title to a family member or relative. In this case, a voluntary conveyance has obvious potential for fraud, and in fact, is one of the vehicles used by unscrupulous parties to defraud creditors.

Some municipalities in the U.S. use the voluntary conveyance method as an alternative to the standard tax foreclosure process to accelerate the development of abandoned or tax-delinquent properties. Voluntary conveyance can aid municipalities by saving them the expense of tax foreclosure and reducing urban blight, while benefiting property owners whose municipal liens may be discharged. However, the application of voluntary conveyance is limited by the requirement for clear title.


Investment dictionary. . 2012.

Look at other dictionaries:

  • Voluntary conveyance — Voluntary Vol un*ta*ry, a. [L. voluntarius, fr. voluntas will, choice, from the root of velle to will, p. pr. volens; akin to E. will: cf. F. volontaire, Of. also voluntaire. See {Will}, v. t., and cf. {Benevolent}, {Volition}, {Volunteer}.] 1.… …   The Collaborative International Dictionary of English

  • voluntary conveyance — index largess (gift) Burton s Legal Thesaurus. William C. Burton. 2006 …   Law dictionary

  • voluntary conveyance — noun : a conveyance without valuable consideration …   Useful english dictionary

  • voluntary conveyance — See voluntary deed …   Ballentine's law dictionary

  • voluntary — vol·un·tary / vä lən ˌter ē/ adj 1 a: proceeding from one s own free choice or consent rather than as the result of duress, coercion, or deception a voluntary statement b: not compelled by law: done as a matter of choice or agreement voluntary… …   Law dictionary

  • Voluntary — Vol un*ta*ry, a. [L. voluntarius, fr. voluntas will, choice, from the root of velle to will, p. pr. volens; akin to E. will: cf. F. volontaire, Of. also voluntaire. See {Will}, v. t., and cf. {Benevolent}, {Volition}, {Volunteer}.] 1. Proceeding… …   The Collaborative International Dictionary of English

  • Voluntary affidavit — Voluntary Vol un*ta*ry, a. [L. voluntarius, fr. voluntas will, choice, from the root of velle to will, p. pr. volens; akin to E. will: cf. F. volontaire, Of. also voluntaire. See {Will}, v. t., and cf. {Benevolent}, {Volition}, {Volunteer}.] 1.… …   The Collaborative International Dictionary of English

  • Voluntary escape — Voluntary Vol un*ta*ry, a. [L. voluntarius, fr. voluntas will, choice, from the root of velle to will, p. pr. volens; akin to E. will: cf. F. volontaire, Of. also voluntaire. See {Will}, v. t., and cf. {Benevolent}, {Volition}, {Volunteer}.] 1.… …   The Collaborative International Dictionary of English

  • Voluntary jurisdiction — Voluntary Vol un*ta*ry, a. [L. voluntarius, fr. voluntas will, choice, from the root of velle to will, p. pr. volens; akin to E. will: cf. F. volontaire, Of. also voluntaire. See {Will}, v. t., and cf. {Benevolent}, {Volition}, {Volunteer}.] 1.… …   The Collaborative International Dictionary of English

  • Voluntary oath — Voluntary Vol un*ta*ry, a. [L. voluntarius, fr. voluntas will, choice, from the root of velle to will, p. pr. volens; akin to E. will: cf. F. volontaire, Of. also voluntaire. See {Will}, v. t., and cf. {Benevolent}, {Volition}, {Volunteer}.] 1.… …   The Collaborative International Dictionary of English

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