What is a Deed of Reconveyance?
Once the loan is repaid, the Deed of Reconveyance is created to include details about the property -- such as the party names, recorded information, and legal description -- and is signed by the trustee and recorded with the county where the property is located. Once recorded, the Reconveyance Deed legally transfers ownership of the property from the lender to the borrower.
Note: Depending on what state the property is located in and what type of loan documents were signed, states may require that either a "Deed of Reconveyance" or a "Satisfaction of Mortgage" be filed. These documents are very similar and each provides proof that a mortgage or property loan has been fully repaid.
When to use a Deed of Reconveyance:
- You just made your last mortgage payment.
- You lent someone money to buy a house, and they've repaid you in full.
|After Recording Return To:||||
|SPACE ABOVE THIS LINE FOR RECORDER'S USE|
DEED OF RECONVEYANCE
WHEREAS, THE indebtedness secured by the Deed of Trust executed by:
of , ,
of , ,
of , ,
recorded on , in the office of the Recorder for the Recording District, State of , in , has been fully paid and satisfied.
The Trustee hereby reconveys unto the Trustor, without warranty, all right, title and interest which was acquired by said Trustee under said Deed of Trust for the real property more particularly described as follows:
Executed by this _______ day of ___________________, 20___.
WITNESS my hand and official seal.
My commission expires
Deed of Reconveyance FAQs
How do I get a Deed of Reconveyance?
Making a Deed of Reconveyance online is simple. Just answer a few questions, and Rocket Lawyer will build your document for you. Consider these questions beforehand to make the process speedier:
- Who is the borrower, lender, and trustee?
- Where will the trustee sign the Deed of Reconveyance?
- What is the legal description of the property?
- What is the recorded information of the Deed of Trust?
If you don't have all of the details you need, you can skip questions, and save your document for later.
Who signs a Reconveyance Deed?
A Deed of Reconveyance is signed by a trustee (the lender, in most cases) and notarized. Afterwards, it should be filed with the county recorder's office.
How do I file a reconveyance?
Contact your local county recorder or recorder of deeds to learn about their specific process. If you have questions, a real estate lawyer can also help.