What is a trustee's deed given for?

A trustee's deed is specifically utilized in the context of transferring ownership of property after a foreclosure. When a property goes through foreclosure, the lender or trustee executes a deed that transfers the legal title of the property from the borrower to the buyer, which is often the lender or a third-party buyer at the foreclosure auction. This deed serves as the official document that conveys ownership, typically recorded with the county recorder's office to provide public notice of the change in ownership.

In contrast to other types of deeds, such as those for quitclaim transactions or changing mortgage terms, a trustee’s deed particularly addresses situations resulting from the foreclosure process. It does not pertain to leasing property; hence it is focused solely on ownership transfer following a legal foreclosure action.