Escrow & Title
In Massachusetts, a 'release deed' (deed of release) is used to:
AConvey property to a new buyer
BRelease a mortgage, lien, or other encumbrance from the property record✓ Correct
CRelease the seller from all liability after closing
DRelease the broker from the listing agreement
Explanation
A release deed (or deed of release) is used to release a property from the burden of a mortgage, lien, or other encumbrance. For example, when a mortgage is paid off, the lender records a mortgage discharge (a form of release deed).
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