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Real Estate Glossary

What does Reconveyance mean?

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.

Accretion

Adverse Use

Annual Mortgagor Statement

Assessor

Assumption Clause

Closing Statement

Commercial Bank

Estate

Fair Debt Collection Practices Act.

Field Changes

Historic Structure

Latent Defect

Lease Buyout

Modification

Note

Standard Payment Calculation

Step-Rate Mortgage

Tear-Down Condition

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Artur

Real Estate Assistant