I very well may have misunderstood the "welding on an axle." That is correct, no trailer breaks, and as far as I'm aware it is the original welded on axle.
First trailer I've owned and consequently, the first problems I've had with one... A good lesson for me to actually do some homework before you actually buy something. Oh well, I'll continue to learn on the go I suppose.
Anyways, thank you both for your advice. I am going to take some pictures tonight and will post them thereafter. Also, definitely going to jump on thehulltruth.com as well..