I am trying to clear a deed of trust on a property that i have paid off through owner finance. The original promissory.Property Code Section 5.001 provides that a deed conveys a fee simple interest in property (i.e. 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. If you need assistance, contact our team at. Designate a trustee to hold the land title. The Harris County Clerk's office is happy to help you file documents or locate records, but we cannot answer legal questions. When you pay off a mortgage usually the mortgage company will either record a release or send the original release to you to bring into our office and record.