Escrow & Title
In Missouri, a 'release deed' (also called deed of reconveyance) is used when:
AA property is sold at auction
BA deed of trust is paid in full and the trustee conveys title back to the borrower✓ Correct
CA divorce decree divides property
DAn easement is extinguished
Explanation
When a Missouri deed of trust loan is paid in full, the trustee executes and records a release deed (deed of reconveyance or deed of release) returning clear title to the borrower, releasing the lien.
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Key Terms to Know
Deed of Trust
A security instrument used in many states instead of a mortgage, involving three parties: borrower (trustor), lender (beneficiary), and a neutral trustee.
DeedA written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).
EasementA non-possessory right to use another person's land for a specific purpose.
LienA financial claim against a property that serves as security for a debt or obligation, giving the creditor the right to foreclose if unpaid.
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