What is a deed of reconveyance?

A deed of reconveyance is a legal document used in real estate law in Florida that transfers title of a property back to the original owner. It is usually necessary when a mortgage or other loan for the property is paid off. The deed of reconveyance serves as proof that the loan has been repaid and that the title of the property has been transferred back to the original owner. When a loan is made, the lender usually places a lien or legal claim on the property that is used as collateral for the loan. This lien prevents the property from being sold or transferred until the loan has been paid off. Once the loan is paid in full, the lender must record a deed of reconveyance with the local county government in order to release the lien. Once the deed is recorded, the title of the property is transferred back to the original owner. The deed of reconveyance also serves to provide evidence of payment in the event of any title disputes in the future. It is important for individuals to request and keep a copy of the deed of reconveyance for their records, as it serves as proof that the loan has been repaid and the title of the property has been returned to the original owner.

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What is a deed of reconveyance?

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