The instrument used to remove the lien of a trust deed from the public record is called a:______

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24-08-2022
Social Studies

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The instrument used to remove the lien of a trust deed from the public record is called a:______

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vipinkumar69547 vipinkumar69547 · Answer 1 · 2022-08-29T14:59:12-04:00

Deed of reconveyance is used to remove the lien of trust deed from the public record.

A deed of reconveyance is a formal record that certifies the change of ownership of real estate from the lender to the borrower. The borrower normally receives the deed of reconveyance after fully repaying the mortgage.

Trust deed are used instead of mortgages in several states. These deeds record the sums borrowed, as well as who is lending money to whom and from whom. You might get something called a full reconveyance, which is a document that a trustee signs and is notarized, depending on your state. The same thing applies whether you receive a satisfaction of mortgage document, a full reconveyance, or a deed of reconveyance: your debt has been paid in full and the lender no longer has a stake in your home. You are protected against bank foreclosure when your mortgage or deed of trust is paid off.

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