Lost Trust Deed Surety Bond

A Lost Trust Deed surety bond is a bond required by banks or other financial instrument transfer agents for persons who have lost or misplaced a deed in trust. The bond is provided to the lender to clear the title to the real estate of a trust deed when the beneficiary cannot be located to execute and file a reconveyance. Reconveyance is when title to the real estate is transferred from the trustee back to the borrower when the secured debt is fully paid.