The deed of reconveyance is completed and signed by the trustee, whose signature must be notarized. It is used to clear the deed of trust from the title to the property. Validity of conveyances, liens, and other transactions as to subsequent purchasers and creditors. Some states use deeds of trust instead of mortgages. The deed of reconveyance is typically issued after the borrower has paid off their mortgage in full. This type of conveyance is used by mortgage lenders when a borrower has paid off their mortgage with the debt having been satisfied, the lender no longer has conditional claims to the property. A deed of reconveyance refers to a document that transfers the title of a property to the borrower from the bank or mortgage holder once a mortgage is paid off. A deed of reconveyance is a legal document that indicates the transfer of a property’s title from lender to borrower legally referred to as the trustor in deed of trust states.
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