Escrow & Title
In South Carolina, what is a 'deed of reconveyance'?
AA deed used to reconvey property from a failed developer to investors
BA document used when a deed of trust is paid off, reconveying legal title from the trustee back to the borrower✓ Correct
CA deed reversing a previous conveyance due to fraud
DA court order reversing an improper deed transfer
Explanation
When a deed of trust (used in SC instead of a mortgage) is fully paid off, the trustee executes a deed of reconveyance, which transfers the legal title back to the borrower and releases the lender's security interest. This clears the lien from the public record.
Related South Carolina Escrow & Title Questions
- In South Carolina, which document provides a complete history of ownership transfers for a property?
- In South Carolina, who typically holds the earnest money when there is a cooperative sale (two different brokerages)?
- A 'marketable title' means:
- In South Carolina, who is typically responsible for paying for the owner's title insurance policy?
- In South Carolina, a 'deed in lieu of foreclosure' means the borrower:
- What is the purpose of a HUD-1 Settlement Statement (or Closing Disclosure) in a South Carolina real estate transaction?
- What does 'prorating' at closing in South Carolina mean?
- In South Carolina, 'fee simple' title conveys which of the following to the buyer?
Practice More South Carolina Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free South Carolina Quiz →