Deed Of Release


Definition of "Deed of release"

Teresa Parker
Teresa Parker Urban Nest Realty

Upon satisfaction of a mortgage or other debt payments, the deed releases property, or a portion of it, form the incumbrance. Often it is used in circumstances where a deed of trust is held by a trustee until a debt payment, usually in the form of a mortgage, is made.

Have a question or comment? We're here to help.

 
 
 
*** Your email address will remain confidential.
 
 

Search Real Estate Terms

Popular Real Estate Terms

Popular Real Estate FAQ