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Partial Release of Property From Deed of Trust for Corporation - Arizona

Partial Release of Property From Deed of Trust for Corporation - Arizona 2025

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The document is a legal form prepared by U.S. Legal Forms, Inc. for the State of Arizona, specifically a Partial Release of Property from a Deed of Trust. It includes instructions for completing the form using Microsoft Word, a disclaimer regarding the use of the forms without warranty, and details necessary for executing a partial reconveyance and deed of release. The document outlines the process for reconveying part of an estate secured by a deed of trust and includes sections for legal descriptions, signatures, and notary acknowledgment.

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How to use or fill out Partial Release of Property From Deed of Trust for Corporation - Arizona

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Click ‘Get Form’ to open it in the editor.
Begin by entering the name of the entity in the designated field at the bottom of the first page. This identifies who is requesting the partial release.
Fill in the details regarding the trustee, including their name and any relevant identification numbers. Ensure accuracy as this information is crucial for legal recognition.
In the section labeled 'Legal Description', attach a detailed description of the property being released. This may require referencing an Exhibit A if necessary.
Complete all fields related to the original deed of trust, including dates and document numbers, ensuring that all entries are precise to avoid future complications.
Finally, have an authorized signatory from your corporation sign and date the document. Include their title and ensure notarization is completed as required.

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What is a Deed of Trust used for in Arizona?

A Deed of Trust in Arizona is a critical document in real estate transactions, securing the interests of lenders and outlining the borrowers obligations. Homebuyers, real estate investors, and lenders need to understand the Deed of Trust to ensure legal compliance and protect their investments.

What is a Deed of release and full reconveyance in Arizona?

The recorded release or satisfaction of mortgage or deed of release and reconveyance constitutes conclusive evidence of full or partial satisfaction and release of the mortgage or deed of trust in favor of purchasers and encumbrancers for value and without actual notice.

What is a deed of release and full reconveyance?

When you payoff a mortgage the lender does three things. They will send you the original signed note. They will send you the original deed of trust. Lastly they will file a notice of satisfaction of lien (deed of trust). This will remove the lien from the chain of title at the county recorders office.

What is a release of Trust?

A Release of Deed of Trust is a document signed and executed by the current beneficiary of a Deed of Trust. The release form is submitted to the Public Trustees Office in the county in which the property is located.

What is the statute 33 707 in Arizona?

If a mortgagee, trustee or person entitled to payment receives full satisfaction of a mortgage or deed of trust, he shall acknowledge satisfaction of the mortgage or deed of trust by delivering to the person making satisfaction or by recording a sufficient release or satisfaction of mortgage or deed of release and