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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What does reconveyance mean?
Related terms
Appraisal Report
Zoning
Reconveyance
Credit Card Discounts
Cooperative Project
Commitment Fee
Back Title Letter
Merged Credit Report
Corner Influence
Delinquent Mortgage
Homesteading
Cashier's Check
Accretion
Condominium Conversion
Annual Percentage Rate (APR)
Debt Coverage Ratio
General Contractor
Depreciation
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