This form is an Authority to Release. The county clerk is authorized and requested to release from a deed of trust a parcel of land to the executor of the estate. The form must be signed in the presence of a notary public.
Missouri Authority to Release of Deed of Trust is a legal document that provides the authority for releasing a deed of trust in the state of Missouri. A deed of trust is typically used in real estate transactions to secure a loan against a property and is recorded in the county where the property is located. The Authority to Release of Deed of Trust is issued by the mortgage lender or the beneficiary of the deed of trust once the underlying loan is fully paid off or satisfied according to the terms of the loan agreement. This document essentially serves as proof that the lien on the property has been released and the borrower has fulfilled their financial obligations. Keywords: Missouri, Authority to Release, Deed of Trust, legal document, real estate transactions, secure a loan, recorded, mortgage lender, beneficiary, fully paid off, satisfied, loan agreement, proof, lien, fulfilled, financial obligations. Different types of Missouri Authority to Release of Deed of Trust may include: 1. Full Release of Deed of Trust: This type of release is issued when the borrower has paid off the entire loan amount and has fulfilled all other obligations as stated in the loan agreement. It effectively releases the lien on the property, allowing the borrower to have full ownership without any encumbrances. 2. Partial Release of Deed of Trust: In certain cases, a borrower may only pay off a portion of the loan amount. In such instances, a partial release of the deed of trust is issued, releasing the lien on only a specific portion of the property. This enables the borrower to potentially sell or refinance that particular portion of the property separately. 3. Subordinate Release of Deed of Trust: When multiple deeds of trust are recorded on a property, a subordinate release may be required. This type of release removes a specific deed of trust from its subordinate position, allowing another lien to become primary. It is commonly used in refinancing scenarios when a new lender needs to take priority over an existing mortgage. 4. Release and Re conveyance of Deed of Trust: In cases where the original lender has transferred or sold the loan to another party before it is paid off, a release and reconveyance is executed. This legally transfers the deed of trust from the original lender to the new lender or beneficiary once the loan is satisfied. Keywords: Full Release, Partial Release, Subordinate Release, Release and Re conveyance, borrower, paid off, loan amount, obligations, lien, encumbrances, partial portion, specific portion, sell, refinance, subordinate position, refinancing, new lender, transferred, reconveyance.
