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What is partial reconveyance of deed of trust?

A partial reconveyance of real property in California by a trustee under a deed of trust for use when the beneficiary (lender) agrees to release a portion of the real property from the lien of the deed of trust while the trustors (borrowers) obligations are not yet fully satisfied.

What is the purpose of a deed of reconveyance?

Deeds of trust are used in financed real estate transactions: that is, when someone borrows money to buy real estate. During such a transaction, a lender gives the borrower money in exchange for one or more promissory notes linked to a deed of trust.

What is a partial deed of trust?

A partial claim deed of trust is essentially a second mortgage on your property, and it is generally used to make up for missed payments on an existing FHA (Federal Housing Administration) loan.

What is a partial deed of release?

Partial Release: A developer might pay off a portion of the debt associated with a specific parcel of land within a larger property. A partial release is issued, allowing that parcel to be sold free of the lien while the rest remains encumbered.

How to release a deed of trust in Arizona?

What Is the Process for Removal Of a Deed Of Trust In Arizona? A deed of trust may be removed by the trustee voluntarily transferring the beneficial title interest in the property back to the borrower or by a court order that it be removed from the chain of title.