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Reconveyance is a legal process in property law that involves the transfer of title from one party to another. It is typically used when a borrower pays off a loan secured by a mortgage or deed of trust. The lender then records a reconveyance deed with the county recorder's office, which transfers the title back to the borrower. Reconveyance is also used when a lender transfers a deed of trust to another lender, such as in a refinance transaction.
Reconveyance is an important part of the real estate market, as it allows borrowers to pay off their loans and transfer title to their property. It also allows lenders to transfer title to another lender in the event of a refinance.
Companies in the reconveyance market include ReconTrust, Reconveyance Solutions, Reconveyance Services, and Reconveyance Solutions Group. Show Less Read more
