I think you are fine. Years ago when I worked for LTSS, we had a claim came through. Personal loan, and the closing department had sent a release to the personal lender, which was a Deed of trust in MT. The release got rejected by the recorder, and then when trustee was contacted, he said the DOT was in fact not paid off. He eventually agreed to sign a release since the personal lender agreed to it. So in my experience, as long as the trustee signs the DOT release, you are fine, but cannot be the lender. It could depend on the state, but I always want the trustee to sign, at least when I did national work.

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