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Substitution Of Trustee And Deed Of Reconveyance FAQ

A reconveyance is the official transfer of the property title after the mortgage has been paid in full. The processing time can vary based on the county in which the property is located and can take up to three months. You will need to contact your county for questions on their specific processing time.

Reconveyance is the transfer of a title to the borrower after a mortgage has been fully paid.

A mortgage holder issues a deed of reconveyance to indicate that the borrower has been released from the mortgage debt. The deed transfers the property title from the lender, also called the beneficiary, to the borrower. This document is most commonly used when a mortgage has been paid in full.

An action for reconveyance, on the other hand, is a legal and equitable remedy granted to the rightful owner of land which has been wrongfully or erroneously registered in the name of another for the purpose of compelling the latter to transfer or reconvey the land to him.

When a deed of trust/mortgage is paid in full, you can record a Full Reconveyance from the trustee stating publicly that the loan has been paid. The Full Reconveyance Form. is completed and signed by the trustee, whose signature must be notarized.

A substitution of trustee is a legal document that provides public notice regarding a foreclosure.A substitution of trustee under a trust deed is a legal document that allows the mortgage lender to change the person or business entity that will carry out the private trustee's foreclosure sale.

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Substitution Of Trustee And Deed Of Reconveyance FAQ

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