Final answer:
To receive a full deed of reconveyance, providing the payoff balance is typically required. This confirms the loan is fully repaid and releases the property's lien. The correct option is 5) the payoff balance
Step-by-step explanation:
To obtain a full deed of reconveyance from the trustee under a deed of trust, the entity that owes the debt under the deed of trust must provide the trustee with the payoff balance. The payoff balance is the amount that is left outstanding on the mortgage or trust deed loan. Upon receipt of the payoff balance, the trustee will issue a deed of reconveyance, which signifies that the loan has been fully repaid and that the lien against the property is released. While other documents like a letter of indemnity or affidavit of satisfaction might be involved in other aspects of mortgage or real estate transactions, when it specifically comes to getting the deed of reconveyance, typically the request for reconveyance and payoff balance are crucial.The correct option is 5) the payoff balance