Finance
What is 'deed of reconveyance' in Idaho real estate?
AA deed used to retransfer foreclosed property
BThe document recorded by the trustee releasing a deed of trust lien after the underlying loan is paid in full✓ Correct
CA deed correcting errors in the original deed
DA deed transferring title back to the original owner
Explanation
When an Idaho deed of trust loan is paid off, the trustee records a deed of reconveyance, which releases the deed of trust lien and reconveys the legal title back to the borrower (or confirms the borrower holds clear title). This is the mortgage equivalent of a 'satisfaction of mortgage.'
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