California Partial Re conveyance is a legal process that allows a borrower to pay off a portion of their mortgage balance. This is most commonly used when a borrower has used a home equity line of credit (HELOT) to pay off part of their mortgage. In this case, the lender will file a Partial Re conveyance with the county recorder's office to show that the borrower has satisfied part of the loan obligation. The Partial Re conveyance document will include the amount of the partial payment, the date of the payment, and the loan information. There are two types of California Partial Re conveyance. The first type is a standard Partial Re conveyance, which is typically used when the borrower has used a HELOT or other loan to pay off part of their mortgage. The second type is a Deed of Re conveyance, which is typically used when the borrower has paid off their mortgage in full. The Deed of Re conveyance will include the full amount of the loan, the date of the payment, and the loan information.
California Partial Re conveyance is a legal process that allows a borrower to pay off a portion of their mortgage balance. This is most commonly used when a borrower has used a home equity line of credit (HELOT) to pay off part of their mortgage. In this case, the lender will file a Partial Re conveyance with the county recorder's office to show that the borrower has satisfied part of the loan obligation. The Partial Re conveyance document will include the amount of the partial payment, the date of the payment, and the loan information. There are two types of California Partial Re conveyance. The first type is a standard Partial Re conveyance, which is typically used when the borrower has used a HELOT or other loan to pay off part of their mortgage. The second type is a Deed of Re conveyance, which is typically used when the borrower has paid off their mortgage in full. The Deed of Re conveyance will include the full amount of the loan, the date of the payment, and the loan information.
