Respuesta :
The clause of Reconveyance in the deed of trust and Georgia security deed is the equivalent of the defeasance clause in the mortgage. A deed of reconveyance is a legal document that indicates the transfer of title to a property from a lender to a borrower. A reconveyance deed is usually issued after the borrower has paid off their mortgage in full.
Some states don't use mortgages but use deeds of trust. These deeds document the information on how much is being borrowed, by whom, and from whom. As per your state, you may get what’s called a full reconveyance, which is a notarized document signed by the trustee.
Also depending on your state, you may get a satisfaction of mortgage document instead of a deed of reconveyance. If you receive a deed of reconveyance, full reconveyance, or satisfaction of the mortgage document, it means that your loan has been paid in full and the lender no longer has an interest in your property. With your mortgage or deed of trust paid off, you can't be foreclosed on by the financial institution.
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