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In Missouri, each county has a recorder of deeds that maintains the land records in the county. You can go directly to the office to go through the records related to the property you wish to purchase. In the alternative, some counties have online search capability.
A deed of trust is the most common method of securing a lien on real estate in Missouri. Mortgages are rarely used.
Deeds of trust are the most common instrument used in the financing of real estate purchases in Alaska, Arizona, California, Colorado, the District of Columbia, Idaho, Maryland, Mississippi, Missouri, Montana, Nebraska, Nevada, North Carolina, Oregon, Tennessee, Texas, Utah, Virginia, Washington, and West Virginia, ...
Missouri is accurately categorized as a "deed of trust" state, where this document is used in lieu of a mortgage. In practice, a deed of trust is essentially a mortgage, granting a security interest in certain real estate to the lender.
A Deed of Trust, also know as a mortgage, is a lien on property to ensure payment of the money due to a lender. It is a separate document recorded in the land records. Every time a loan is made (or refinanced), a new document is recorded.
To put simply, the deed is the legal document that proves who holds title to a property, while a mortgage is an agreement between a financial lender and borrower to repay the amount borrowed to purchase a home.
A deed of trust is the most common method of securing a lien on real estate in Missouri. Mortgages are rarely used.