Reconveyance - sustany/dvg GitHub Wiki

Reconveyance means the return of title to the original owner. Most commonly arises in the context of reconveyance of real estate deeds�also referred to as deed of reconveyance. In that context, reconveyance refers to the transfer of title to real estate from a creditor to the debtor when a loan secured by the property�i.e. mostly likely a mortgage with the property as collateral�is paid off. A trustee (commonly a title or escrow company) usually holds title for the creditor and manages the reconveyance when the loan is fully paid back.