This is where the waters get murky and really risk conspiracy theory. My understanding, though, is that the legal rights fall to the titled owner and financial institutions, with the legal benefactor having very little recourse should anything actually go wrong.
The Great Taking [1] goes into more detail, though importantly I'm only including it here as a related resource if anyone is interested to read more. The ideas are really interesting and, at least in isolation, do make logical sense to me but I haven't had time to do my own digging deep enough to really feel confident enough to stand behind everything The Great Taking argues.