Pima Arizona Deed of Release and Reconveyance

• Category: Arizona Real Estate - Mortgages and Deeds of Trust
• State: Arizona
• County: Pima
• Control #: AZ-030LRS
• Format: Word; Rich Text

Description

Form to cancel a deed of trust based upon full payment. To be filed in land records. The Lima Arizona Deed of Release and Re conveyance is a legal document used in real estate and mortgage transactions. It signifies the release of a mortgage lien and the conveyance of the property title back to the borrower or property owner. This process occurs upon the full repayment of the mortgage loan or satisfaction of certain conditions specified in the loan agreement. The Deed of Release and Re conveyance is typically executed by the lender or the trustee (acting on behalf of the lender) and is recorded in the county where the property is located. By filing this document, the lender officially acknowledges that the mortgage debt has been satisfied, ensuring that the lien on the property is extinguished. Keywords: Lima Arizona, Deed of Release, Re conveyance, real estate, mortgage transaction, mortgage lien, property title, borrower, property owner, repayment, loan agreement, satisfaction, trustee, lender, county, lien, extinguished. Different types of Lima Arizona Deed of Release and Re conveyance may include: 1. Full Satisfaction Re conveyance: This type of reconveyance is used when the entire mortgage debt has been fully repaid by the borrower. The lender or trustee releases the lien on the property and reconveys the title back to the borrower. 2. Partial Satisfaction Re conveyance: In cases where only a portion of the mortgage debt has been paid off, a partial satisfaction reconveyance may be used. This document releases the lien on a specific portion of the property, indicating that the corresponding debt has been satisfied. 3. Conditional Re conveyance: Sometimes, specific conditions outlined in the loan agreement must be met before the lender releases the mortgage lien. A conditional reconveyance outlines these conditions and specifies the actions required for the release of the lien upon their fulfillment. 4. Trustee's Deed upon Sale Re conveyance: If a property is sold or transferred through a foreclosure process, a trustee's deed upon sale reconveyance is utilized. This document releases the lender's interest in the property and conveys the title to the new owner upon successful completion of the foreclosure sale. Keywords: Full Satisfaction Re conveyance, Partial Satisfaction Re conveyance, Conditional Re conveyance, Trustee's Deed upon Sale Re conveyance, repayment, mortgage debt, lien, mortgage lien, reconveyance, property, borrower, lender, trustee, loan agreement, title, foreclosure process, foreclosure sale.

The Lima Arizona Deed of Release and Re conveyance is a legal document used in real estate and mortgage transactions. It signifies the release of a mortgage lien and the conveyance of the property title back to the borrower or property owner. This process occurs upon the full repayment of the mortgage loan or satisfaction of certain conditions specified in the loan agreement. The Deed of Release and Re conveyance is typically executed by the lender or the trustee (acting on behalf of the lender) and is recorded in the county where the property is located. By filing this document, the lender officially acknowledges that the mortgage debt has been satisfied, ensuring that the lien on the property is extinguished. Keywords: Lima Arizona, Deed of Release, Re conveyance, real estate, mortgage transaction, mortgage lien, property title, borrower, property owner, repayment, loan agreement, satisfaction, trustee, lender, county, lien, extinguished. Different types of Lima Arizona Deed of Release and Re conveyance may include: 1. Full Satisfaction Re conveyance: This type of reconveyance is used when the entire mortgage debt has been fully repaid by the borrower. The lender or trustee releases the lien on the property and reconveys the title back to the borrower. 2. Partial Satisfaction Re conveyance: In cases where only a portion of the mortgage debt has been paid off, a partial satisfaction reconveyance may be used. This document releases the lien on a specific portion of the property, indicating that the corresponding debt has been satisfied. 3. Conditional Re conveyance: Sometimes, specific conditions outlined in the loan agreement must be met before the lender releases the mortgage lien. A conditional reconveyance outlines these conditions and specifies the actions required for the release of the lien upon their fulfillment. 4. Trustee's Deed upon Sale Re conveyance: If a property is sold or transferred through a foreclosure process, a trustee's deed upon sale reconveyance is utilized. This document releases the lender's interest in the property and conveys the title to the new owner upon successful completion of the foreclosure sale. Keywords: Full Satisfaction Re conveyance, Partial Satisfaction Re conveyance, Conditional Re conveyance, Trustee's Deed upon Sale Re conveyance, repayment, mortgage debt, lien, mortgage lien, reconveyance, property, borrower, lender, trustee, loan agreement, title, foreclosure process, foreclosure sale.