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reconveyance

   Also found in: Dictionary/thesaurus, Legal 0.01 sec.
reconveyance

When a mortgage debt is retired,the lender conveys (transfers) the property back to the borrower in a title state.



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Cal-Western Reconveyance Corporation to Merrill Lynch First Franklin Mtg Loa; 85142 Florence Rd, Eugene, 97405; $479,200.
This can include fees for legal documents, recording deeds, escrow fee, real estate commission fee, reconveyance fee, and Title Insurance.
Reconveyance is when an individual or bogus company offers to purchase your home for you and allow you to make low monthly payments as a buy-back agreement.
 
 
 
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