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LSDefine

Simple English definitions for legal terms

reconveyance

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A quick definition of reconveyance:

Reconveyance: When someone borrows money to buy a house, they give the lender a piece of paper called a deed. This paper says that the lender owns the house until the borrower pays back the money. When the borrower pays back all the money, the lender gives the paper back to the borrower. This is called reconveyance. It means the borrower owns the house again.

A more thorough explanation:

Definition: Reconveyance means returning ownership of something to the original owner. This term is commonly used in real estate when a loan secured by the property is paid off, and the title is transferred back to the debtor.

For example, if someone takes out a mortgage to buy a house, the lender will hold the title to the property until the loan is fully paid back. Once the loan is paid off, the trustee (usually a title or escrow company) will manage the reconveyance of the title from the lender back to the debtor.

This process is important because it ensures that the rightful owner of the property has legal ownership and control over it. Without reconveyance, the lender would continue to hold the title even after the loan is paid off, which could cause confusion and legal issues.

Recognition (international law) | record

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18:49
thank you my little crow friend
Dkk
18:50
Med law easy done
medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
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