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trustor
trustor
Last Update: 2023-07-06
Usage Frequency: 1
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a deed of reconveyance is a legal document that indicates the transfer of a property’s title from lender to borrower – legally referred to as the trustor – in deed of trust states. the deed of reconveyance is typically issued after the borrower has paid off their mortgage in full. some states use deeds of trust instead of mortgages. these deeds document the details of how much is being borrowed, by whom and from whom. depending on your state, you may receive what’s called a full reconveyance, which is signed by a trustee and a notary public.
Last Update: 2024-01-23
Usage Frequency: 1
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