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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.

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 is a warranty deed?

by Practical Law Real Estate. A deed transferring title and legal interest in real property from the grantor to the grantee with full covenants and warranties.

Is Arizona a good state to start an LLC?

The key benefit of running a limited liability company (LLC) in Arizona is limited liability protection. Limited liability can protect your personal assets in the event your business is sued or cannot pay its debts. Other Arizona LLC benefits include: Pass-through taxation.

How do I transfer a beneficiary deed in Arizona?

To establish a beneficiary deed in Arizona, the deed must: Grant the real estate property to a beneficiary designated by the owner of said property. Be recorded in the office of the county where the property is located. Be recorded in the county office before the property owners death.

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