A loan reconveyance fee covers the preparation of the reconveyance document that reassigns ownership back to you. The fee covers the cost of removing your current lender's lien from your property title. Video of the Day Mortgage Calculator Function You, the homeowner, pay the reconveyance fee ...
What is a deed of reconveyance? A deed of reconveyance is a document that indicates you’ve fullypaid off the mortgageon your home. It represents the transfer of ownership from yourmortgage lenderto you. Over the time you repaid your mortgage, you legally owned the property, but the lender...