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Reconveyance Trustee Form

Reconveyance Trustee Form

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Instructions and help about Reconveyance Trustee

welcome to county office your ultimate guide to local government services and public records let's get started what is substitution of trustee and deed of reconveyance in real estate a deed of trust involves three parties the borrower the lender and the trustee the trustee holds the property title as security for the loan sometimes the trustee needs to be replaced this is where a substitution of trustee comes into play a substitution of trustee is a legal document that replaces the current trustee with a new one this document must be recorded with the county record's office to be effective a deed of reconveyance is related but serves a different purpose it is issued when a borrower pays off their mortgage in full the trustee then transfers the property title back to the borrower this deed of reconveyance is also recorded with the county recorder's office it effectively removes the lender's claim to the property both documents are essential in real estate

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