Security Instruments in Missouri
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Revision as of 05:22, 3 August 2018 by Davidjenkins (talk | contribs)
- Expire after 20 years from date of maturity [need to verify]
Deed of Trust only. The trustee must be a MO resident individual over the age of 18 or a MO corporation. If a non-resident individual or foreign corporation is named as trustee, a MO resident individual or MO corporation must be added as co-trustee.
An underwriter or a title agent could qualify as a trustee if it is a MO corporation. By custom, an attorney who is a resident of Missouri is usually named trustee. The lender/beneficiary selects the trustee.
No Mortgage Tax.
- Liability imposed for failure to time satisfy a mortgage is found at MO Rev Stat § 443.130.
