Reconveyance - An instrument used to transfer title from a trustee to the equitable owner of real estate. when title is held as collateral security for a debt .

当屋主(借款人)未能依约准时付款时，银行会发出催款单及警告借款人己违约，一般银行会给借款人有90天的宽容期,让屋主筹钱还款。