A deed of reconveyance signifies the complete repayment of your mortgage loan and the removal of any liens against the property. Learn more about how it works.
A deed is usually the instrument that executes the conveyance of property. When you draft a deed, it must include the names of both the grantor (you, if you’re selling the property) and the grantee, a legal description of the property, words of conveyance, and actual cash consideration p...
Example: Ashley conveys property to Brett by warranty deed. After the conveyance, a neighbor sues Brett over a boundary issue caused by someone earlier in the chain of title. Ashley was not aware of the boundary issue when she signed the warranty deed, and it wasn’t caused by anything tha...
A warranty deed is a legal document that a property owner can use to transfer a title to real estate to a new owner. The use of a warranty is a voluntary conveyance of the timeshare. In the foreclosure scenario, some mortgage lenders will accept a warranty deed on the timeshare instead o...
Taxes and government fees:Any mandatory fees imposed by the local or state government where the transaction is happening will be detailed, including the allocation of real estate taxes and assessment, transfer taxes or conveyance fees. Insurance and protection:Fees which enhance financial protections fo...
When you refinance your mortgage, expect to pay a number of fees. A loan reconveyance fee is a typical charge when you refinance a mortgage, collected when you have a full reconveyance document prepared.
What is a Title Deed? What is a Deed Transfer? What is a Special Warranty Deed? What is Reconveyance? What is Probate? What is Property Tax?Discussion Comments By anon351086 — On Oct 10, 2013 My problem is my father in law passed away and we all owned a business on 10 acres. ...
Reconveyance When the mortgage is paid off, the escrow company will initiate a reconveyance, ending the deed and moving the title from the lender to the hands of the borrower. This is a final type of assignment. It is not strictly corporate unless the borrower also was a business, but it...
Deed of Trust A deed of trust is a document pledging real property as collateral when securing a loan. The owner of the property deeds it to a beneficiary, which is typically the moneylender. When the loan is repaid in full, the title of the property returns to the owner. ...
What Is a Trust Deed? A trust deed —also known as adeed of trust—is a document sometimes used in real estate transactions in the U.S. It comes into play when one party has taken out a loan from another party to purchase a property. The trust deed represents an agreement between the...