Topic: Substitution of Trustee and Full Reconveyance
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Answers to Common Questions
What is a substitution of trustee and full reconveyance?
In a 'Trust Deed' State, such as California, when a Borrower pays off a Lender, A 'Reconveyance Deed' is prepared and signed by the Lender - which effectively releases the Lenders claim or lien on the property. Make sure the Reconveyance De... Read More »
Source: http://answers.yahoo.com/question/index?qid=1006032214980
I received a document in the mail that says "Reconveyance" or "Su...
This document means your Deed of Trust has been paid in full. You have either made the final payment on the mortgage on your property, or you refinanced your property. Read More »
Source: http://www.spokanecounty.org/Auditor/content.aspx?c=1784
What is a Substitution of Trustee/Deed of Reconveyance?
A Substitution of Trustee/Deed of Reconveyance is recorded when a loan is paid off or refinanced. It does not necessarily reflect the name of the current property owner. For example: if you assume a loan the Substitution of Trustee/Deed of ... Read More »
Source: http://www.ccclerkrec.us/connect/site/index.jsp?menuItemId=9
