First American Title - Trust Operations
P.O. Box 52023
Phoenix, AZ 85072-2023
- Trust Account Servicing
- Act as Trustee of Title
- JDA & Holdbacks
Hours of OperationMonday through Friday
8am - 5pm
About UsIn a nutshell, when unimproved land is put into a subdivision trust, it allows the owner to continue the managerial authority over the land, but legal title is held by the Trustee, First American Title. This allows for the property to be subdivided, improved, sold, etc., with a minimum amount of money paid up front for the land (a great benefit to developers) and allows for the smooth transfer of title to the end user. We provide Trust Account Servicing on all carryback transactions. We also provide a regular reporting system that accounts for the funds involved with each transaction in addition to maintaining an inventory of the lots held in the subdivision trust.
The Subdivision Trust Department is continually striving for industry excellence by providing outstanding service to our customers.