What is a trustee’s deed

Which of the following best describes a trustee’s deed:

  1.  It is given by the trustor to the trustee as security for a debt.
  2.  It is given to the trustee by the beneficiary after the debt has been paid.
  3.  it is given to the trustor  by the beneficiary after the debt has been paid.
  4.  it is given to the purchaser of a property by the trustee after a foreclosure sale.

The answer is D.  Choice A actually refers to a trust deed, and choice C is a deed of reconveyance.  Note that there is a difference between a trust deed and a trustee’s deed.