New Blog 1: Full Reconveyance Of Deed Of Trust

Thursday 13 December 2012

Full Reconveyance Of Deed Of Trust

Reconveyance is the transferring of a property title to a buyer after a secured debt, such as a deed of trust or mortgage, has been paid in full. In many jurisdictions, when a mortgage or property loan has been paid in full, the lender must issue a document indicating that the loan has been paid in full and the title has been transferred to the buyer. This document is often called a reconveyance, reconveyance deed or deed of reconveyance. It signifies that the property is owned in full by the person who was issued the document. The document also is recorded in the local government's public records for official confirmation of the transfer and to avoid disputes or problems that might be caused by lost or forged deeds of reconveyance.