Debtor is obligated to pay the secured party attorneys fees. In consideration of the indebtedness, debtor conveys and warrants to trustee certain property described in the land deed of trust.
Blank Deed Of Trust Form In Pima
State:
Multi-State
County:
Pima
Control #:
US-00181
Format:
Word;
Rich Text
Instant download
Description
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FAQ
Disadvantages of a Trust Deed For borrowers, if financial circumstances change, default on repayment can result in property foreclosure.
The deed of trust must then be recorded with the county where the property is located, and each of the parties (the trustor, trustee, and lender) should keep a copy of the recorded document.
In California: “An unrecorded instrument is valid as between the parties thereto and those who have notice thereof.”
Ideally, an SMSF trust deed should be written in a way that doesn't require regular updating. However, the deed should be reviewed at least annually to ensure it's up to date.
All deeds must be filed with the County Recorder's Office. Affidavit of Property Value – Required for every deed or transfer of ownership (except for property that is transferred through quitclaim for no monetary exchange or for a nominal amount.
In Arizona, deeds need to be signed, sealed and delivered to be valid. A deed is signed only by the grantor(s), not the grantee. A deed does not have to be recorded to be valid, but recording is very common.
You can find quitclaim deed forms online or at your local county recording office. With the right template, you can fill in the necessary information yourself.
BENEFICIARY DEEDS §33-405 (statute includes a sample form) available from the Arizona Legislature Website.
Where to Get a Deed of Trust? To get a Deed of Trust, you must file the proper paperwork with the proper court as generally outlined above. These documents must be filed with the county clerk or recorder, and the lender typically sends them to the recording office after the property closing.