Escrow & Title
In Virginia, a deed of release (deed of reconveyance) is used when:
AA property is sold to a new buyer
BA deed of trust is paid off and the lender releases the lien✓ Correct
CA landlord releases a tenant from a lease obligation
DA seller releases the buyer from an earnest money obligation
Explanation
When a deed of trust loan is paid in full, the beneficiary (lender) provides a deed of release (or deed of reconveyance) to the trustee, who then reconveys clear title to the property owner, releasing the lien.
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