Posted by Stacy (AZ) on May 20, 1999 at 23:14:51:
After reading the AZ statutes for an hour trying to understand the legalese, I decided to just look up the definition of Trust Deed after I posted. Of course, it’s the trustee who holds title in a trust deed. (Dang, I knew that!) The term “naked title” is new to me.
What confuses me is, who holds legal title? I know the trustor holds equitable title. Is there no legal title involved in a trust deed? I should have gone to law school…