Pre-foreclosure title transferred to trust

[J. Cade]

So there's a preforcelosure set for auction in October (Collin County, TX) that I was monitoring. I was doing research through the Clerk's site and saw the deed was transferred into a trust in July by the owner (named in the foreclosure notice). 

I guess I'm too n00b to know all the rackets, but it made the Ol' Fraud Investigator in me's Spidey Senses tingle. I can't be that easy to cloud title, can it? If it's a living trust then the Grantor is still Beneficiary, so it's a wash. Even if it were a trust they were "unaffiliated" with, the note still supersedes the transfer, right?

What angle are they working?