A reconveyance (also referred as a deed of reconveyance) is most commonly used upon payment in full of a deed of trust. This instrument transfers title from the trustee to the equitable owner when a property is has been released as collateral for a debt.
The release from a deed of trust by the trustee to the owner of real estate when the underlying loan has been paid in full. The release is in the form of a deed of reconveyance which essentially cancels the deed of trust.
an indication of the termination of a borrower's obligation to repay a debt secured for a lender, usually in the form of a trust deed. When the debt is paid, the title to the property is reconveyed to the owner.
A conveyance to the landowner of the legal title held by a trustee under a deed of trust. The transfer of property back from a lender who holds an interest as security for the payment?of a debt. In a deed of trust, the beneficiary reconveys property upon satisfaction of the promissory note. Back to the Top
The transfer of the title of land from one person to the immediate preceding owner. This instrument of transfer is commonly used to transfer the legal title from the trustee to the trustor after a deed of trust has been paid in full.
An instrument used to transfer title from a trustee to the equitable owner of real estate, when title is held as collateral security for a debt. Most commonly used upon payment in full of a trust deed. Also called a deed of reconveyance or release.
The transfer of the title of land from one person to the immediate preceding owner. This particular instrument of transfer is commonly used when the performance or debt is satisfied under the terms of a deed of trust, when the trustee conveys the title he has held on condition back to the owner. (Not generally used in Colorado.)