Escrow & Title
In Washington, a property sold at a trustee's sale (non-judicial foreclosure) is typically conveyed by a:
AGeneral warranty deed
BTrustee's deed✓ Correct
CSheriff's deed
DQuitclaim deed
Explanation
After a non-judicial trustee's sale in Washington, the trustee conveys title to the highest bidder by recording a Trustee's Deed. This deed conveys the former borrower's interest but typically provides no warranties about title.
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Key Terms to Know
Deed
A written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).
Fiduciary DutyThe highest legal duty an agent owes to a principal — requiring the agent to act in the principal's best interest above all others.
Deed of TrustA security instrument used in many states instead of a mortgage, involving three parties: borrower (trustor), lender (beneficiary), and a neutral trustee.
EasementA non-possessory right to use another person's land for a specific purpose.
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