full reconveyance

full reconveyance

A mortgage concept used in title theory states, where the borrower transfers title to the real property to another,usually a trustee,and is entitled to full reconveyance,or a return of the legal title,when the debt has been paid in full.

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.