Get the free partial deed of reconveyance - Alaska Department of Transportation - dot alaska

STATE OF ALASKA DEPARTMENT OF TRANSPORTATION AND PUBLIC FACILITIESPROJECT NAME: STATE PROJECT #: FEDERAL AID PROJECT #: PARTIAL DEED OF CONVEYANCE (Corporate/Partial Property)PARCEL #: UNIT #: WHEREAS,

How to fill out partial deed of reconveyance

How to fill out partial deed of reconveyance

1. Step 1: Obtain a copy of the original deed of trust or mortgage that the reconveyance will be done on.
2. Step 2: Prepare the partial deed of reconveyance form. Include the names of all parties involved, the legal description of the property, and the specific details of the partial reconveyance.
3. Step 3: Have the partial deed of reconveyance form notarized.
4. Step 4: Record the partial deed of reconveyance with the county clerk's office or recorder of deeds office in the county where the property is located.
5. Step 5: Send a copy of the recorded partial deed of reconveyance to the lender or servicer of the loan.
6. Step 6: Retain a copy of the recorded partial deed of reconveyance for your records.
7. Step 7: Monitor the status of the loan to ensure that the partial reconveyance has been properly acknowledged and recorded.

Who needs partial deed of reconveyance?

1. A person or entity who wants to release a portion of their property from a deed of trust or mortgage needs a partial deed of reconveyance.
2. This could occur when the property owner wants to sell a portion of the property, transfer ownership to another party, or release a lien on a specific portion of the property.

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What is partial deed of reconveyance?

A partial deed of reconveyance is a document that transfers back to the borrower a portion of the property that was pledged as collateral for a loan once the borrower has paid off that portion of the loan.

Who is required to file partial deed of reconveyance?

The lender or trustee is required to file a partial deed of reconveyance once the borrower has paid off a portion of the loan.

How to fill out partial deed of reconveyance?

A partial deed of reconveyance must be filled out accurately and signed by the lender or trustee in the presence of a notary public.

What is the purpose of partial deed of reconveyance?

The purpose of a partial deed of reconveyance is to release a portion of the property from the lien that was placed on it as collateral for the loan.

What information must be reported on partial deed of reconveyance?

The partial deed of reconveyance must include the legal description of the property being released, the loan number, the borrower's name, and the amount of the loan being paid off.