A recorded satisfaction releases the deed of trust or security instrument from the land records in the county where the property is located. A Deed of Trust should be filed with the County Clerk in the county where the property is located.In real estate transactions, a trust deed transfers the legal title of a property to a third party until the borrower repays their debt to the lender. A deed of trust is given as security for a debt. A deed of trust is used to secure a loan on real property. Learn how this legal document can be an easy way for a lender to collateralize a loan. You would have to complete a full title search to be sure. Also, current loan balance may be different than amount listed on deed of trust. A deed of trust should include key information about the transaction. A deed of trust, or security deed, as it is known in some jurisdictions, is a form of mortgage.