Note for sale saying 'Borrower signed A Deed In Lieu'

[Kevin Trumbull]

Forgive my n00b question, still learning the note business.  I'm seeing some 1st notes for sale where the seller says 'Borrow signed A Deed In Lieu'.  What exactly does that mean for the note?  Doesn't that mean the note seller now owns the property?  Would this now be an unsecured note?  The note is listed as performing... why would a borrow continue to pay on a note on a property he no longer owns?