Seems like there should be a notation somewhere that the D-T also applies to assets in other areas... but I guess this isn't needed, other than in the security instrument in the county (each county) where secured property is located.

If you are making proper investing decisions based on the current value of the instrument and want to play speculator as an added bonus then have fun.

Purchasing a Note - or purchasing a mortgage or deed of trust (the security instruments which secure said note) - is not like purchasing real property at all.  

Depends on the security instrument language.  

These debt instruments can be purchased at a discount than the original loan on the property.

I also have a commercial pilots license with instrument and multi-engine ratings.

TIP:  Do NOT call your trust a "Land Trust", that's a sophisticated instrument for more complex situations, and the words "Land Trust" will sometimes set off bells, whistles, and alarms that will send your escrow agent's legal department into a frenzy, 'nuf said.As always, seek the opinion of professionals that specialize in the RE investment world (atty.

Use whatever title transfer instrument is used in your market get one of those  IE some sort of deed.. be it quit claim warranty etc.. ( careful which deed you want to make sure you can give good title when you sell)  Once you have that figured out simply get a copy of the last recorded deed.. use that legal description and the Trustor or Grantor information verbatim.. and create your own deed.. meet the owner at a notary have them sign notarize then take it to the county recorder and record the thing.At least that's how I did them in Oregon WA and CA... 

So its nothing different than you borrowing from a bank its all the same Debt instruments Notes etc.. just change the parties   Bank = HML  no mystery to it.. 

The notices of default are recorded.Don't know about Florida, but you may have to go to multiple sources (like a title company or county recorder) depending on the instrument.