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.
Confidence votes 23. The word LINEAL refers to ancestry or heredity. Linear is the correct term for measurement whether it is in feet or inches or meters or millimeters. One linear foot equals 12 inches.