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What is the difference between a release deed and a reconveyance deed?

A deed of release, also known as a deed of reconveyance, is a legal document used to renounce ones claims against a specific property. A release deed completely releases the parties from their previous obligations. While there is no discernible difference between the two, the context in which the terms are used vary.

What is a reconciliation deed?

A Reconciliation Agreement is a written agreement you and your spouse prepare in an attempt to reconcile marital differences while acknowledging the possibility of divorce. The agreement sets out the rights and obligations of you and your spouse if divorce becomes an unfortunate reality.

What is an example of reconveyance?

As an example, say Sally decides to purchase a house, and in doing so, she needs to take out a mortgage of $300,000 from the bank. The new property acts as collateral under the deed of trust. Once Sally has fully paid off her mortgage, the trustee must then complete a Request for Reconveyance.

What is the meaning of reconciliation in law?

Reconciliation in family law is the process by which parties who are legally separated resume their marital relationship and cohabitation.

What is the process of reconciliation?

Definition: Reconciliation is the process of comparing transactions and activity to supporting documentation. Further, reconciliation involves resolving any discrepancies that may have been discovered.

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What is a substitution and deed of reconveyance?

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.

What is the reconciliation clause in a separation agreement?

What is a reconciliation clause? A reconciliation clause is a pretty simple thing. It just states that, if you and your husband decide to get back together, and then subsequently separate again, your signed agreement will survive in full force and effect.

What does reconciliation mean in divorce?

Essentially, reconciliation requires cohabitation and a resumption of marital status. Simply interacting with your spouse during your divorce case is not considered reconciliation, nor is sporadic sexual contact.

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