What is the difference between a title deed, deed of trust and deed of reconveyance?
A title deed shows ownership of the property executed between two parties: grantee and grantor. A deed of trust is a loan document that is executed by three parties: trustor (borrower), trustee and beneficiary (lender). A deed of reconveyance is a document showing that a loan under a certain deed of trust has been paid in full. It is important to note that when the bank issues a deed of reconveyance, the title on the property does not change.
