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What happens if a court decides to reconvey a piece of property?
The fee is taken at closing and typically paid by the buyer.
What is the purpose of a reconveyance?
When a court reconveys a property, it invalidates a previous transfer due to legal issues or requirements, restoring ownership typically to the original owner. This process may involve compensation for any unjust loss.
What is a sub and recon?
In a nutshell, the Substitution of Trustee and Deed of Reconveyance is a legal document that evidences security interest is being release by a lender. In most cases, the document shows that a loan has been paid off. Property owners may even receive this document if they have refinanced a loan.
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Sub and recon californiaSubstitution of Trustee and full reconveyance CaliforniaDeed of trust
VIDEO LED lights up when RECON X5TX receives and transmits signal. LINK LED lights up when the signal link between RECON X5TX and. RECON X5RX is established.
Not recorded in KK, Modified Accrual, Cash or Bank Reconciliation Module modules (e.g. PO, AP, AR) are the source systems of transactions (sub-modules).
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