What is a deed of reconveyance?

A deed of reconveyance is a legal document used in California real estate law. It is typically used in transactions involving mortgages, where a lender holds a lien (legal claim) on a property. A deed of reconveyance is used to record the release of that lien, meaning the borrower has paid off the mortgage debt and the lender no longer holds a claim on the property. The deed of reconveyance is signed by the lender and recorded with the county recorder’s office in which the property is located. In addition to the lender’s signature, the deed of reconveyance must include an exact legal description of the property involved, the names of the parties to the transaction, and the date of the transaction. Once the deed of reconveyance is recorded, it serves as proof that the lender is no longer a lienholder on the property. This is important in order to clear title to the property and show that the borrower no longer has any outstanding obligations to the lender. In California, it is customary for the lender to include a request for the county recorder to record a satisfaction of the mortgage when the deed of reconveyance is filed. This establishes that the mortgage is no longer of any force or effect and that the borrower is no longer required to make payments on the loan.

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What is a deed of reconveyance?

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