If you borrowed money when you purchased your home or if you have refinanced, it is likely that a Deed of Trust was recorded in favor of your lender. This document gives the lender a lien on your home until you sell your house or pay off the loan.
At the time of payoff, the lender is obligated to make certain that the title to your property is cleared of the lien. A Reconveyance of the Deed of Trust is the document which releases the lender’s interest in your property and confirms that you have fully paid your loan. This important document is your best protection against any defects in the title to your property and should be part of every escrow.