A Texas property goes through a non-judicial foreclosure sale. The lender is the highest bidder at the sale and purchases the property. Under Texas law, what type of deed does the trustee deliver to the lender?
Correct Answer
D) A trustee's deed, conveying the property with whatever title the borrower had
At a Texas non-judicial foreclosure sale, the trustee delivers a trustee's deed to the winning bidder. This deed conveys whatever title the borrower (trustor) had in the property. It does not contain the comprehensive warranties of a general warranty deed.
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