Deed Of Reconveyance Washington State - Page 2
What is Deed of Reconveyance in Washington State?
A deed of reconveyance in Washington State is a legal document that is used to transfer the title of a property back to the borrower once a mortgage has been paid off in full. This document serves as proof that the lender no longer has any claim to the property and that the borrower now has full ownership rights.
Types of Deed of Reconveyance in Washington State
There are two main types of deed of reconveyance in Washington State:
Full Reconveyance Deed - This type of deed is used when the borrower has paid off the entire mortgage amount, and the lender releases all claims to the property.
Partial Reconveyance Deed - This type of deed is used when the borrower has made partial payments towards the mortgage and the lender releases a portion of the property back to the borrower.
How to Complete a Deed of Reconveyance in Washington State
Completing a deed of reconveyance in Washington State is a straightforward process. Here are the steps you need to follow:
01
Obtain the necessary forms - You can find deed of reconveyance forms online or from your local county clerk's office.
02
Fill out the form - Provide all the required information accurately, including the property details, borrower and lender information, and the terms of the mortgage.
03
Sign the document - Both the borrower and the lender must sign the deed of reconveyance in front of a notary public to make it legally binding.
04
File the document - Once the deed of reconveyance is signed, it must be filed with the county clerk's office to officially transfer the title back to the borrower.
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