A instrument that releases and discharges a deed of trust, when the mortgage has been paid in full.
Upon the repayment of a promissory note secured by a trust deed, trustee transfers legal title back to the trustor (borrower).
See Reconveyance Deed. Deed Of Trust - A written instrument transferring bare legal title to real property to a trustee to be held as security for an obligation. Also called a trust deed. The accepted form is presented to the trustee for approval before the execution thereof by the trustor and beneficiary and before recordation. The trustee is therefore duty-bound to perform if he accepts. The automatic form is the most widely used form. It contains a provision whereby the trustee named will accept his duties when the trust deed is properly executed, acknowledged, and recorded and provided he has approved the promissory note and deed of trust. The trustee is not usually aware of the appointment until called on to act in case of default by the trustor.
A deed given by the trustee to the trustor when the trustor has paid the beneficiary in full. Used for trust deeds to remove the lien in the same manner as a satisfaction is used to remove a mortgage.
The transfer of legal title from the trustee to the trustor (borrower) after a trust deed debt has been paid.
The transfer of a legal title from the trustee to the trustor (the borrower) after the trust deed is paid in full
A legal instrument which conveys title from a trustee back to the borrower under a mortgage once the mortgage has been paid out.
A document which transfers ownership of a property from a Trustee back to a borrower who has fulfilled the obligations of a mortgage.
An instrument that releases and discharges a deed of trust.
A document used to transfer legal title from the trustee back to the borrower after a debt secured by a deed of trust has been paid in full.