Document background
The Deed of Release and Full Reconveyance is a critical document in Philippine property law that marks the successful completion of a mortgage or loan agreement secured by real property. This document is typically prepared when a borrower has fully satisfied their loan obligations and the lender is ready to release their security interest in the property. The deed must comply with Philippine civil law requirements and property registration regulations, requiring proper execution before a notary public and registration with the Land Registration Authority. It includes specific details about the property, the original mortgage, confirmation of payment, and explicit language releasing all claims and reconveying the property. The document is essential for clearing property titles and maintaining accurate land records in the Philippine property registration system.
