deed of reconveyance

deed of reconveyance

A method of extinguishing lender's rights in real property in a state that uses the deed of trust procedure rather than the mortgage procedure.

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29, 1995, deed of reconveyance placed the sole responsibility on Bradco to pay the taxes.
Then, on 17 January 2017, the full Deed of Reconveyance releasing the Deed of Trust on the acquired property was recorded and the company is now in full ownership and has no further liability with respect to this acquisition.