reconveying Definition
the act of transferring back the title or ownership of property from a mortgagee to the original owner after the mortgage has been paid off.
Using reconveying: Examples
Take a moment to familiarize yourself with how "reconveying" can be used in various situations through the following examples!
Example
The bank will initiate the process of reconveying the property title to the borrower once the mortgage is fully paid.
Example
Reconveying the property can be a complicated process, so it's important to have a real estate attorney to help you through it.
Example
The reconveying of the land was delayed due to legal issues.
Summary: reconveying in Brief
Reconveying [ree-kuh n-vey-ing] refers to the transfer of property ownership from a mortgagee back to the original owner after the mortgage has been paid off. The process can be complex and may require legal assistance. Examples of its usage include 'The bank will initiate the process of reconveying the property title to the borrower once the mortgage is fully paid.' and 'Reconveying the property can be a complicated process, so it's important to have a real estate attorney to help you through it.'
