What is a deed of partial reconveyance?

A form of partial reconveyance of real property in California by a trustee under a deed of trust for use when the beneficiary (lender) agrees to release a portion of the real property from the lien of the deed of trust while the trustor's (borrower's) obligations are not yet fully satisfied.

What is a reconveyance deed in California?

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.

What does deed of reconveyance mean?

The act or process of reconveying property. A discharge acts as a reconveyance of the legal title from the mortgagee to the holder of the equity. 2. rare, archaic. the act or process of conveying something or someone back to their original location.

Who is beneficiary in deed of trust?

A Deed of Trust is a three party document prepared, signed and recorded to secure repayment of a loan. The Borrower (property owner) is named as Trustor, the Lender is called the Beneficiary, and a third party is called a Trustee.

Can trustee and beneficiary be the same deed of trust?

Some use deeds of trust instead, which are similar documents, but they have some fundamental differences.With a deed of trust, however, the lender must act through a go-between called the trustee. The beneficiary and the trustee can't be the same person or entity.

Who are the parties in a Deed of Trust transaction?

A deed of trust is a method of securing a real estate transaction that includes three parties: a lender, borrower and a third-party trustee.

Can anyone be a trustee on a deed of trust?

Generally, the trustee must be an attorney, title insurance company, trust company, bank, savings and loan, credit union, or other company specifically authorized by law to serve as a trustee. Other states have no limitations.

How long does a reconveyance take?

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.

Utah Partial Release of Property From Deed of Trust for Individual - Utah Release Deed

Name: Utah Partial Release of Property From Deed of Trust for Individual
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Description Utah Release Trust

This form is for a holder of a deed of trust or mortgage (see title) to release a portion of the real property described as security. It asserts that the identified and referenced deed of trust or mortgage remains in full force or effect as to the remaining property.

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Deed Trust Form Utah Form Rating

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Utah Property Deed Other Form Names

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Ut Deed Trust FAQ

The property's title remains in the trust until the loan is paid off, or satisfied, then it is released from the trust. To complete the release, the lender prepares a deed of reconveyance. This document states that the conditions of the loan have been met and you have no further financial obligations to the lender.