Escrow & Title
In Washington, a deed of reconveyance is issued when:
AA new deed of trust is recorded
BThe borrower fully repays the loan and the trustee reconveys title to the borrower✓ Correct
CThe lender transfers the loan to a new lender
DThe trustee accepts a deed in lieu of foreclosure
Explanation
When a borrower fully repays a deed of trust loan, the trustee issues a deed of reconveyance transferring legal title back to the borrower (trustor), releasing the deed of trust lien from the property.
Related Washington Escrow & Title Questions
- A Washington title insurance policy protects against losses from defects existing:
- In Washington, the county auditor's office records real estate documents in order to:
- In Washington, the ALTA extended coverage owner's title insurance policy provides broader protection than a standard policy by covering:
- A Washington title insurance owner's policy is issued for:
- In Washington, a notice of trustee's sale must be recorded and mailed to the borrower at least how many days before the sale?
- In Washington State, closings are typically handled by:
- A Washington title search reveals a 'gap' in the chain of title — a period where there is no recorded conveyance. This 'gap' is:
- A Washington property has both a first and second deed of trust. The first deed of trust is foreclosed. What happens to the second deed of trust?
Practice More Washington Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Washington Quiz →