reconveyance

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reconveyance

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

References in periodicals archive ?
Note that even if the government could reconvey the property, thereby recovering some of its purchase price, it would still have to shoulder the cost of any diminution in value due to the zoning, an amount that can be substantial.
It then must offer to reconvey the property to the former owner so long as the owner "is ready, willing, and able to pay all back taxes, interest, costs and penalty" as defined by statute.
The trust is remedial in the sense that the only obligations imposed on the recipient are to reconvey the property to T (or to the replacement T) and to preserve the property pending reconveyance.
Because the parents had reserved to themselves a life estate, remainder to the son, the effect of frustration would be to reconvey the remainder interest to the mother (the surviving parent); in effect, the farm would return to the parents.
An alternative approach to establishing affirmative asset partitioning without organizational law might be to transfer ownership of those assets to the manager(s) of the business, subject to a contractual commitment by the manager, acting as agent for the owners, to manage the assets for the exclusive benefit of the owners and to reconvey the assets to the owners under appropriate circumstances.
5) Each successful instance of the former category can be trusted to reconvey the essence, the dynamic interrelations of a founding literary or other text; such an imitation constitutes a verbal or other icon.
The Trust will execute a release of the Drilling Support Lien and will also, pursuant to the Conveyances, reconvey to ECA all of the Subject Lands except for the portion that pertains to Subject Gas in, under and that may be produced from any Development Well drilled pursuant to the Drilling Agreement.
LimA| [is] directed to return and reconvey to the [government] all funds and properties acquired through the canceled TLAsA|, the court said.
The failure to select option one results in a tacit agreement that the loan is not valid and a tacit appointment of the sovereign as attorney in fact to reconvey the mortgage.
The effect of the clause is to reconvey property from the transferee back to the transferor.
See FAIRFAX & GUENZLER, supra note 8, at 21 (describing the five basic techniques land trusts use: purchase of land, acceptance of donations of land, purchase of conservation easements, acceptance of donations of conservation easements, and the acquisition of land or conservation easements to later reconvey to another organization); LAND TRUST ALLIANCE, supra note 11, at 1 (explaining the various ways a land trust can be involved in conservation, including purchase or acceptance of donations of land or conservation easements, managing land, and acting as a middle man in conservation negotiations); infra notes 19-31.
The government shall reconvey these to the trust fund committee to be chaired by the sitting President, he said.