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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.
Arizona real estate is transferred using a legal document called a deed.The process involves four general steps: Locate the Prior Deed to the Property. Get a New Deed to the Property. Sign and docHub the New Deed. Record the New Deed in the Land Records.
A deed of trust is the most commonly used form of security document by lenders when purchasing a home in Arizona.
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.
How to add someone to the title of a house -Filing a Quit Claim Deed or Warranty Deed in Arizona. One of the services offered at Arizona Statewide Paralegal is the filing of a quit claim deed or warranty deed in order to add someone to the title of a house.
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The Arizona beneficiary deed form allows property to be automatically transferred to a new owner when the current owner dies, without the need to go through probate. It also gives the current owner retained control over the property, including the right to change his or her mind about the transfer.
An owner who wants to add a co-owner to his property, will have to do so by way of creating a new deed altogether. This new deed must also be registered at the sub-registrars office, to attain a legal validity under the Transfer of Property Act.
Things You Should Know Go to the county recorders office and get a quitclaim form. Fill out the form and sign it before a notary to make the transfer legal. Go back to your county recorders office to get the deed recorded so it becomes part of the official property record.
Obtain the Correct Deed Transfer Document. Obtain the correct deed transfer document. Enter Full Legal Names of All Parties. Fill Out the Costs. Enter the Legal Description. Sign in Front of Appropriate Witnesses. Obtain an Affidavit of Property Value. Record the Document at the Recorders Office.
All parties just need to sign the transfer deed (TR1 form) and file it with the land registry. This needs to be accompanied by the land registrys AP1 form, and if the value of the transaction amounts to more than 40,000, then a stamp duty land tax certificate may also be required.

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