A deed of reconveyance is an official document issued by a mortgage lender that transfers the property title of a home to the borrower from the lender and releases the borrower from the debt associated with the mortgage, according to Investopedia. It is typically awarde...
A deed of reconveyance is a transfer document issued to a mortgage borrower after clearing mortgage debt, according to Investopedia. The document transfers the property title from the lender to the borrower when the latter pays the mortgage in full.
In California, when a borrower finishes paying off a home loan, the trustee files the deed of reconveyance to record full repayment of the loan, clearing the title to the property, which was held as collateral, and turning it over to the homeowner. By law, this must hap...
Investopedia explains that "full reconveyance" occurs when a deed of reconveyance is issued by a mortgage holder, indicating that the borrower is released from his mortgage debt. Full reconveyance is issued when a borrower has fully pays the mortgage on a home.
A substitution of trustee and full reconveyance is a combined document that allows lenders to appoint new trustees who then release liens held against properties, states the Office of the Clerk Recorder at the County of Santa Clara. The process of releasing liens is ref...
Reference.com states that a deed is a legally binding written document in which one person transfers property to another. There are certain formalities that must be performed in order for a deed to be valid, such as having a deed formally delivered and having it acknowl...
A property deed is a legal document that transfers ownership of a property to another person, explains FindLaw. It contains information about the real estate, the names of the old and new owners, and the signature of the individual transferring the property.