Finance
Under Texas law, the foreclosure deed (trustee's deed) conveys title to the highest bidder at the foreclosure sale. The title conveyed is:
AA general warranty deed guaranteeing clear title
BTitle 'as-is' with no warranty — subject to any interests that survive foreclosure✓ Correct
CA quitclaim deed with full warranty
DA special warranty deed from the date of the foreclosure
Explanation
A trustee's deed at foreclosure conveys only what the deed of trust granted — no warranties. The buyer takes title subject to any interests that survive foreclosure (senior liens, property taxes, IRS liens with redemption rights). Buying at foreclosure carries significant title risk.
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