what is reconveyance in a deed of trust 
in real estate law reconveyance means the transfer of a property from a lender or trustee to a borrower this usually happens at the end of a mortgage or other loan when the borrower has satisfied the terms of their debt who can be a trustee in a deed of trust some states have laws limiting who can act as a trustee in a deed of trust in these states the trustee must be a bank credit union thrift title insurance company attorney or other company specifically authorized to hold a trust in other states anyone can act as a trustee 3the bottom linetrust deeds are an alternative to mortgages in certain states instead of an agreement directly between a lender and a borrower a trust deed places the title of a property in the hands of a third party or trustee only after the borrower has satisfied the terms of their debt to the lender will the property be fully transferred to the borrower 