1170 - Deed in lieu of foreclosure.

§  1170.  Deed  in  lieu  of  foreclosure.  Any tax district may, when  authorized  by  resolution  of  its  governing  body  and  in  lieu   of  prosecuting  a  proceeding to foreclose a tax lien on any parcel of real  property pursuant to this article, accept a conveyance of  the  interest  of  any  person having any right, title, interest, claim, lien or equity  of redemption in or to such parcel.