What Does Deed Of Reconveyance Mean
What is what does deed of reconveyance mean?
A deed of reconveyance is a legal document that transfers the title of property from a trustee back to the borrower once a loan or mortgage has been fully paid off. It serves as proof that the borrower has satisfied their debt and is entitled to full ownership of the property.
What are the types of what does deed of reconveyance mean?
There are two commonly used types of deeds of reconveyance:
Full Reconveyance: This type of reconveyance is used when the loan or mortgage has been fully paid off and the borrower wants the trustee to release all claims and interests in the property.
How to complete what does deed of reconveyance mean
Completing a deed of reconveyance involves the following steps:
01
Obtain a blank deed of reconveyance form.
02
Fill out the form with the necessary information, including details about the borrower, trustee, and property.
03
Sign and date the form in the presence of a notary public.
04
Record the completed deed of reconveyance with the appropriate county recorder's office to make it an official record.
05
Provide a copy of the recorded deed of reconveyance to the borrower for their records.
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