However, unlike a mortgage, a deed of trust appoints a thirdparty trustee to hold the property's title. Sections 443.901 to 443.912 shall be known and be cited as the "Missouri Reverse Mortgage. Act".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 a three-party way of securing a real estate deal: a lender, a borrower, and a third-party trustee. At all convenient and reasonable times upon prior notice to Trustor, Beneficiary or Trustee shall have the right and license to go on and into the Subject Real. Use our Deed of Trust to create a contract in which a third-party holds property until a borrower pays back debt to the lender. Loan servicing and loan modification information from Carrington Mortgage. Phoenix, AZ. Well worth the cost. We facilitate equitable and sustainable access to homeownership and quality, affordable rental housing across America. The Service has released a Market Segment Specialization Program (MSSP) paper entitled, "Resolution Trust Corporation: Cancellation of Indebtedness."