Property OwnershipDeed_typesMEDIUM
After a Virginia non-judicial foreclosure sale conducted by the trustee under a deed of trust, the trustee conveys the foreclosed property to the winning bidder. What type of deed does the trustee typically use to complete this conveyance?
Correct Answer
D) Trustee's deed, conveying the property without personal warranty by the trustee
In Virginia's non-judicial foreclosure process, the trustee named in the deed of trust conducts the foreclosure sale and conveys the property to the successful bidder using a trustee's deed. The trustee acts in a representative capacity and typically does not provide personal warranties of title. The trustee's deed recites the authority under which the sale was conducted (the power of sale clause in the deed of trust) and conveys the foreclosed property to the purchaser.
Answer Options
A
Special warranty deed, warranting title for the period the lender held the noteB
General warranty deed, because the lender guarantees clear titleC
Quitclaim deed, because the borrower's interest was extinguished at foreclosureD
Trustee's deed, conveying the property without personal warranty by the trusteeWhy This Is the Correct Answer
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Why the Other Options Are Wrong
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Related Topics & Key Terms
Key Terms:
trustee_deeddeed_typesforeclosuredeed_of_trustnon_judicial_foreclosurevirginia_specific
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