With a deed in lieu of foreclosure, the deficiency amount is the difference between the fair market value of the property and the total debt. In most cases, completing a deed in lieu will release the borrowers from all obligations and liability under the mortgage, but this is not always the case.
Lineal Descendant. (n) Lineal descendants are the direct line of relationship flowing downwards from an individual starting with his children, grand children and their children and so on. Unlike collateral descendants it wont include brothers and sisters.
The scientific and legal meaning of descendant is all the persons who have descended from a common ancestor. In this context, a step-child would not be considered to be a descendant. However, for purposes of inheritance, a legally adopted child and their issue are considered descendants.A step-child in a blended family who has not been legally adopted is not considered an heir at law. person's descendants are the children that he or she has. Siblings are not descendants. Of course, everyone has biological parents from whom they are descended, so in that s â¦ ense everyone is a descendant of someone. But your sister is not your descendant.