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The Deed of Reconveyance is the document provided by a lender that indicates that a borrower is released from his or her mortgage debt obligation and that the lender no longer holds a lien against the property. Simply put, a property owner receives a Deed of Reconveyance when they pay off their mortgage. You also receive a Deed of Reconveyance from your lender when you refinance your mortgage and pay off your existing loan.
A Deed of Reconveyance is an important document because it shows that you no longer owe the lender any money. Additionally, if there are ever any questions about your mortgage, you can use this document to verify that your loan has been paid in full. Keep in mind that your lender only provides a Deed of Reconveyance when you loan is completely paid off which means you are required to pay any past due interest and fees in additional to your principal mortgage balance. Please note that this is an example Deed of Reconveyance document that should be used for informational purposes only.