Property OwnershipDeed_typesMEDIUM
In Tennessee, a trustee's deed is most commonly used in which of the following situations?
Correct Answer
D) When a trustee conveys property following a non-judicial foreclosure sale under a deed of trust
In Tennessee, most residential mortgages are secured by deeds of trust rather than traditional mortgages. When a borrower defaults and the lender proceeds with non-judicial (power of sale) foreclosure under Tenn. Code Ann. § 35-5-101, the trustee named in the deed of trust conducts the sale and conveys the property to the purchaser using a trustee's deed. This is the most common use of trustee's deeds in Tennessee real estate practice.
Answer Options
A
When a seller provides a full warranty against all title claims to a residential buyerB
When a government entity transfers tax-forfeited property to a new ownerC
When a divorcing spouse transfers their interest in a marital home to the other spouseD
When a trustee conveys property following a non-judicial foreclosure sale under a deed of trustWhy This Is the Correct Answer
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Background Knowledge for Property Ownership
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Related Topics & Key Terms
Key Terms:
trustees_deeddeed_of_trustnon_judicial_foreclosuredeed_types
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