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Which of the following is (are) correct concerning the parties of a trust deed?1. The trustee has naked title2. The lender is named the beneficiary3. The trustor has legal title

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Answer:

  1. The trustee has naked title
  2. The lender is named the beneficiary
  3. The trustor has legal title

Explanation:

A Trust deed is a legal agreement that allows for a debtor to transfer ownership of a physical real estate property to a Trustee so that that trustee may hold the property as security for a loan transaction involving the lender and the debtor.

The trustee in this agreement holds a naked title which is a legal title to a property that is given to a trustee as it has no ownership benefits. The beneficiary is also named to be the lender and the Trustor retains the legal title.

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