Patricia has fully paid off her home loan secured by a deed of trust in Fairfax County, Virginia. The lender directs the trustee to release the lien. Which document is typically used in Virginia to release the deed of trust lien from the public record upon full repayment?
Correct Answer
A) A deed of release or deed of reconveyance recorded by the trustee
When a deed of trust loan is fully repaid in Virginia, the trustee executes and records a deed of release (also called a deed of reconveyance) to release the lien from the public record and return legal title to the trustor (borrower). This is the Virginia-specific mechanism that corresponds to the deed of trust structure, as opposed to a satisfaction of mortgage used in mortgage states.
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