Some states use a satisfaction of mortgage document rather than a deed of reconveyance, and states that recognize deeds of trust, such as California, will instead issue a full reconveyance in this ...
Full Reconveyance. When a deed of trust/mortgage is paid in full, you can record a Full Reconveyance from the trustee stating publicly that the loan has been paid. The Full Reconveyance Form is completed and signed by the trustee, whose signature must be notarized. Full Reconveyance form can be purchased at most office supply or stationery stores.
The trustee then executes and records the full reconveyance within 21 days of receipt of the documents from the beneficiary, delivers a copy of the reconveyance to the beneficiary and, upon request, delivers the original note and deed of trust to the trustor. (Civ.Code § 2941, subd. (b)(1)(A)-(C).)
A reconveyance deed is an official document from a mortgage holder releasing the debtor from the mortgage. It is evidence that the mortgage has been paid in full.The mortgage note is marked paid, the original mortgage is returned and a deed of reconveyance is issued to the homeowner showing the mortgage has been paid off.
secured by the Deed of Trust have been fully paid, and said Deed of Trust and the note or notes secured thereby having been surrendered to said Trustee for cancellation, does hereby RECONVEY without warranty, to the person or persons legally entitled thereto, the estate now held by it thereunder.
A Deed of Reconveyance helps prove that a mortgage has been paid in full, as it it signed by the trustee and notarized and finally filed with the county recorder's office. Other names for this document: Deed of Release and Reconveyance, Reconveyance of Deed of Trust, Deed of Reconveyance Form
by the Deed of Trust have been fully paid, and said Deed of Trust and the note or notes secured thereby having been surrendered to said Trustee for cancellation, does hereby RECONVEY without warranty, to the person or persons legally entitled thereto, the estate now held by it thereunder
A Deed of Reconveyance is a document that transfers title in the real property to the borrower (the Trustor) from the Trustee once the borrower has fully paid the debt secured by a Deed of Trust.In order to clear the Deed of Trust from the title to the property, a Deed of Reconveyance must be recorded with the Country Recorder or Recorder of Deeds.
Steps to Recovey a Deed of Trust. In order to reconvey a deed of trust, the full reconveyance must be recorded within 21 days of receipt of the documents from the Beneficiary. The deed of reconveyance must be recorded in the county where the property is located. Locate the name of the Trustee in the recorded Deed of Trust.
Recording Requested By . When recorded mail document to. Above Space for Recorder’s Use Only . FULL RECONVEYANCE . as present trustee under that Certain Deed of Trust dated . executed by as Trustor(s) and recorded as Document No. on in Book. Page of the Official Records, in the Office of the County Recorder ...