Escrow & Title
In Tennessee, a 'deed of release' or 'release deed' is used after a foreclosure sale to:
ATransfer title to the highest bidder
BRelease a satisfied lien from the property
CConvey the foreclosed property from the trustee to the purchaser at the foreclosure sale✓ Correct
DReturn the earnest money to the defaulting borrower
Explanation
After a trustee's foreclosure sale in Tennessee, the trustee executes a trustee's deed conveying the property to the purchaser at the sale. This deed transfers what title the trustee held.
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