Escrow & Title
In Oregon, a 'trustee's deed' is most commonly associated with which event?
AA transfer between family members as a gift
BA foreclosure sale under a deed of trust✓ Correct
CThe conveyance of property by a living trust
DA court-ordered transfer in a divorce
Explanation
A trustee's deed is issued by the trustee after a non-judicial foreclosure sale under a deed of trust (Oregon's primary security instrument). Oregon uses deeds of trust rather than mortgages, and non-judicial (trustee's sale) foreclosure is the standard method. The successful bidder at the trustee's sale receives a trustee's deed.
Related Oregon Escrow & Title Questions
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