Escrow & Title
What is a 'trustee's deed' in Nevada and when is it issued?
AA deed signed by a trustee of a living trust conveying property
BA deed issued by the trustee after a non-judicial foreclosure (trustee's sale), conveying the foreclosed property to the successful bidder or back to the beneficiary (lender) if no other bidder exceeds the credit bid✓ Correct
CA deed required for all trust account transfers in Nevada
DA special deed form required for REO properties in Clark County
Explanation
After a non-judicial foreclosure sale (trustee's sale) under Nevada's deed of trust system, the trustee issues a Trustee's Deed to the purchaser at the sale. This deed conveys the property's title but without the warranties of a warranty deed — the buyer takes as-is and cannot look to the trustee for title defects. The Trustee's Deed must be recorded promptly. Title insurance on REO (bank-owned) properties typically requires title search and insuring after a trustee's sale.
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