This form is a deed of trust modification. It is to be entered into by a borrower, co-grantor, and the lender. The agreement modifies the mortgage or deed of trust to secure a debt described within the agreement. Other provisions include: renewal and extension of the lien, co-grantor liability, and note payment terms.
Deed Of Trust Records Format In Arizona
State:
Multi-State
Control #:
US-00183
Format:
Word;
Rich Text
Instant download
Description
Free preview
Form popularity
FAQ
In Arizona, there is no legal requirement to record a trust with any government agency or public record office. Unlike real estate deeds or mortgages, trusts are private documents and are not typically recorded in public records.
Are you familiar with the deed of trust? In Arizona, this is the primary financial security document that's used when purchasing a home. While the deed of trust is similar to the mortgage, there are some notable differences to be aware of. If you're not sure how to differentiate the two, don't worry.
Documents evidencing a transfer of title of real property must include a complete legal description and be accompanied by an "Affidavit of Property Value," as set forth in A.R.S. 11-1133 .
Erecording, or electronic document recording, is the process of transmitting real property documents electronically to the local government entity charged with recording and maintaining public records.
In many states, lenders use conventional mortgages as the primary security document for the underlying property during a real estate transaction. However, if you are buying a home in Arizona, you are likely to use a Deed of Trust as security for the property.
You can record a document in-person, by mail, or electronically. Your document must be an ORIGINAL or government-issued CERTIFIED copy to be accepted for recording. For more information on Recording Requirements, please see our Form Requirements, as pursuant to A.R.S. 11-480.
The most common deed form in Arizona is the warranty deed. Warranty deeds provide protection to the buyer in the form of a warranty by the seller that guarantees no issues with the title.
In Arizona, a land trust works by transferring legal ownership of a property to a trustee, who holds the property on behalf of the beneficiary. The trustee could be an LLC that you control. In that way, you still control the land, but you have more privacy from people trying to research your assets online.
Are you familiar with the deed of trust? In Arizona, this is the primary financial security document that's used when purchasing a home. While the deed of trust is similar to the mortgage, there are some notable differences to be aware of. If you're not sure how to differentiate the two, don't worry.
Deeds of trust are the most common instrument used in the financing of real estate purchases in Alaska, Arizona, California, Colorado, the District of Columbia, Idaho, Maryland, Mississippi, Missouri, Montana, Nebraska, Nevada, North Carolina, Oregon, Tennessee, Texas, Utah, Virginia, Washington, and West Virginia, ...