Property Ownership
In Virginia, after a borrower pays off their deed of trust, the trustee should execute and record:
AA new deed to the borrower
BA deed of release (satisfaction) removing the lien from the title✓ Correct
CA title insurance policy
DA warranty deed
Explanation
When a deed of trust is paid in full, the trustee (or lender) records a deed of release (also called a discharge or satisfaction) to remove the lien from the public records.
Related Virginia Property Ownership Questions
- In Virginia, a property owner may convey a remainder interest to a third party by deed while retaining a:
- A Virginia property owner who wants to protect their farmland from development permanently can donate or sell a conservation easement to:
- Virginia's homestead exemption allows a homeowner to exempt how much equity from unsecured creditors?
- In Virginia, a timeshare is regulated under which law?
- A Virginia landowner grants a neighbor the right to cross their property to access a public road. This right is created by a(n):
- In Virginia, 'actual possession' in an adverse possession claim requires the claimant to:
- A Virginia easement for a shared driveway that benefits two neighboring lots is an example of an easement:
- In Virginia, a lis pendens recorded against a property:
Practice More Virginia Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Virginia Quiz →