DEED OF RECONVEYANCE
The deed of reconveyance is recorded in the county where the property is held. A document issued by the holder of a mortgage indicating that the borrower is released from the mortgage debt. The deed of reconveyance transfers the title of the property back to the borrower. It is most commonly issued when a mortgage has been paid in full.
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Original Cost
It simply refers to the total cost associated in buying an asset.
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