Escrow & Title
In Florida, a 'deed in trust' is used when:
AA property owner dies without a will
BProperty is conveyed to a trustee to hold for the benefit of one or more beneficiaries✓ Correct
CA lender takes title in lieu of foreclosure
DA title company issues a policy
Explanation
A deed in trust (or trust deed) conveys property to a trustee who holds legal title for the benefit of the beneficiaries of the trust. This is commonly used in living trusts, land trusts, and investment trust arrangements.
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