Warranty Deed from Husband and Wife to Individual - Arizona: Fill out & sign online

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What is the difference between a warranty deed and a mortgage?

According to , a general warranty deed guarantees that: The grantor legally owns the property and has the legal right to transfer it. There are no outstanding mortgages, liens or other claims against the property by any creditor.

What is the primary purpose of a deed?

A deed is a signed legal document that transfers ownership of an asset to a new owner. Deeds are most commonly used to transfer ownership of property or vehicles between two parties. The purpose of a deed is to transfer a title, the legal ownership of a property or asset, from one person or company to another.

Should my wife be on the house deed?

One good reason to add a spouse to the deed of your home is for estate planning purposes, which may allow the property to transfer to your spouse outside the probate process, depending on the transfer language utilized in the granting clause. Another reason is for creditor purposes.

Does a deed have to be recorded to be valid in Arizona?

In addition to the proper form, Arizona deeds must be properly delivered, properly recorded and the land must be properly described. Defects in the delivery, recordation, or description may result in the failure of the conveyance or in other serious adverse consequences.

What type of deed is not commonly used in Arizona?

Quitclaim Deed in Arizona Quitclaim deeds are not often used when the sale of the property is involved for obvious reasons. Quitclaim deeds are much more common when there is a transfer of property from one family member to another or after a divorce.

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