Deed of Reconveyance

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Definition of "Deed of Reconveyance"

A Deed of Reconveyance is a document that transfers title in real property to the borrower (Trustor) from the Trustee once the borrower has fully paid the debt secured by a Deed of Trust. In order to clear the Deed of Trust from the title to the property, a Deed of Reconveyance must be recorded with the Country Recorder or Recorder of Deeds. If the trustee fails to record a satisfaction within the set time limits, the trustee may be responsible for damages as set out by statute.

Deed of Reconveyance Resources

Related Documents

Satisfaction of Mortgage