A Deed of Release reconveys all rights granted to a trustee under a Deed of Trust back to the Grantor. Once the Grantor has repaid the Lender all amounts owed under a Deed of Trust, the Deed of Release is executed to clear the title from the Lender's lien.
How to Execute a Deed of Release or Reconveyance
Before the trustee of a Deed of Trust will execute a Deed of Release, the promissory note held by the Lender must be paid in full. Once the Note is paid in full, the Lender is required to execute a Deed of Release pursuant to the laws of the state where the property is located. The Deed of Release must:
(1) Contain a notation that the Promissory Note has been paid in full;
(2) Be in a form acceptable to all parties involved;
(2) Contain signatures of all parties involved;
(3) Be recorded by the Lender in the official public records in the county where the property is located;
The borrower should request a copy of the recorded Deed of Release and keep the copy for his or her records.