Answer:Deed in lieu of foreclosure.
Explanation:
Okay, let us first fill in the gap from the question;
"A defaulting borrower who faces foreclosure may avoid court actions and costs by voluntarily deeding the property to the mortgagee. This is accomplished with a DEED IN LIEU OF FORECLOSURE, which transfers legal title to the lienholder."
A lienholder is also known as the lienor and it can be an individual or a company(usually banks) that gives financial assistance in form of lending someone money so that that they can pay back.
But if the person that borrows is unable to pay back in cash, and the borrower ( just like from the question) wants to ''avoid court actions and costs by voluntarily deeding the property to the mortgagee''. This is where the Deed in lieu of foreclosure takes place. With this(that is, Deed in lieu of foreclosure) the borrowers transfer the ownership of his or her property to the lienor.
