Real Estate Glossary | What is Reconveyance??

Q: What is Reconveyance?

Reconveyance is the process of transferring ownership of a property from a lender to a borrower. This typically happens when a borrower pays off their mortgage loan in full. The lender will then transfer the property title to the borrower through a reconveyance deed. Reconveyance can also happen when a property is sold, the new owner will receive a reconveyance deed transferring the title from the previous owner.

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