When you buy a home with a mortgage, the mortgage lender typically holds the property title until the mortgage is paid off. A deed of reconveyance transfers the title of a property from a mortgage ...
In some states, after you pay off a home loan, your lender issues you a document known as a deed of reconveyance. This means that the title to your home is no longer being held as collateral. Here’s ...
Q: I recently refinanced my home. During the loan process, the loan officer told me that an old mortgage loan, paid off several years ago with a refinance, still appeared on my title report and that ...
This document spells out who holds the legal title to a home Written By Written by Contributor, Buy Side Kim Porter is contributor to Buy Side from WSK and expert on mortgages, student loans and debt ...
When someone buys property, there are often two types of deeds involved. The first is usually a grant deed which transfers the interest of the seller in the property to the buyer. If there is no ...
Matt Webber is an experienced personal finance writer, researcher, and editor. He has published widely on personal finance, marketing, and the impact of technology on contemporary arts and culture.
Q: Marsha, what is a Deed of Reconveyance and is it something I should be concerned about with my home? A: Oh yes, it is something you should be concerned about. When you borrowed the money secured by ...
A deed of reconveyance, also known as a satisfaction of mortgage, is a document that proves you've paid off your mortgage. The deed of reconveyance releases the lien the mortgage lender placed on your ...
Paying off your mortgage is a financial milestone, one that should be marked with the issuance of a deed of reconveyance. A deed of reconveyance indicates that you’ve fully repaid your mortgage, ...