Escrow & Title
When a NC seller pays off their mortgage at closing, the deed of trust is released by recording a:
ANew deed
BSatisfaction of mortgage (or deed of release/cancellation)✓ Correct
CLis pendens
DBill of sale
Explanation
When a mortgage or deed of trust is paid off, the lender provides a satisfaction of mortgage (or deed of release/cancellation) which is recorded in the county register of deeds to clear the lien from the title.
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