noun
- plural of reconveyance; legal documents that transfer property back to a previous owner or borrower, especially when a mortgage or deed of trust is paid off
Usage: legal
Examples
- The bank issued reconveyances to all homeowners who had paid off their mortgages.
- After the loan was satisfied, the reconveyances were recorded at the county courthouse.
- The title company prepared multiple reconveyances for the real estate closing.
- Homeowners should keep their reconveyances as proof that their property liens have been released.
- The attorney reviewed the reconveyances before finalizing the property sale.
- Processing reconveyances can take several weeks after mortgage payoff.