Get the free Deed of Partial Reconveyance - Commerce Escrow

RECORDING REQUESTED BY AND WHEN RECORDED MAIL TO NAME ADDRESS CITY STATE & ZIP PARTIAL CONVEYANCE APN NO.:, the Trustee under the Deed of Trust dated, 19, made and executed by as Trust or(s), and

How to fill out deed of partial reconveyance

How to fill out a deed of partial reconveyance?

1. Start by obtaining the necessary forms: To fill out a deed of partial reconveyance, you will need to obtain the specific forms required by your jurisdiction. These forms can usually be obtained from your local county recorder's office or online.
2. Identify the parties involved: Begin by identifying the parties involved in the reconveyance. This typically includes the original property owner, the lender or beneficiary of the deed of trust, and any other parties with an interest in the property.
3. Provide property details: Include the complete legal description of the property in the deed of partial reconveyance. This information can often be found in the original deed or the most recent deed of trust.
4. Specify the partial reconveyance amount: Clearly state the exact amount or percentage of the property being released from the original deed of trust. This may be a specific monetary amount or a percentage of ownership.
5. Include the legal language: It is important to use the appropriate legal language and terminology when filling out the deed of partial reconveyance. This helps to ensure the document is legally binding and enforceable.
6. Sign and notarize: All parties involved in the reconveyance, including the property owner and lender, should sign the deed of partial reconveyance in the presence of a notary public. Notarization helps to authenticate the signatures and adds an extra layer of legal validity.

Who needs a deed of partial reconveyance?

1. Individuals who have obtained a loan using their property as collateral: If you have used your property as collateral for a mortgage or any other type of secured loan, you may need a deed of partial reconveyance if you wish to release a portion of the property from that loan.
2. Property owners looking to sell or transfer partial ownership: If you own a property jointly with another person or entity, and you intend to sell or transfer only your portion of the property, a deed of partial reconveyance may be necessary to legally release your share and update the property records.
3. Lenders or beneficiaries of deeds of trust: Lenders or beneficiaries of deeds of trust may require a deed of partial reconveyance to release a portion of the property from the original loan agreement. This allows them to update their records and acknowledges the partial satisfaction of the debt.

Note: It is important to consult with a legal professional or real estate attorney to ensure compliance with the specific laws and requirements of your jurisdiction when filling out a deed of partial reconveyance.

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What is deed of partial reconveyance?

A deed of partial reconveyance is a legal document that transfers a portion of the property's title back to the borrower once a portion of the mortgage loan has been repaid.

Who is required to file deed of partial reconveyance?

The borrower or property owner is required to file a deed of partial reconveyance.

How to fill out deed of partial reconveyance?

To fill out a deed of partial reconveyance, you will need to include relevant property information, details of the partial repayment, and both borrower and lender signatures.

What is the purpose of deed of partial reconveyance?

The purpose of a deed of partial reconveyance is to release the lien on a portion of the property once a partial repayment of the mortgage loan has been made.

What information must be reported on deed of partial reconveyance?

The deed of partial reconveyance must include details of the property, the partial repayment amount, the borrower and lender information, and both signatures.