Deed In Trust Vs Deed Of Trust In Maricopa

State:
Multi-State
County:
Maricopa
Control #:
US-00183
Format:
Word; 
Rich Text
Instant download

Description

The document is a Deed of Trust Modification Agreement, which serves to modify the existing mortgage or deed of trust to secure a debt. It specifically addresses the distinction between a deed in trust and a deed of trust in Maricopa, a crucial consideration for property transactions. The key features of the modification include the renewal and extension of the lien, amendments to the security instrument, and co-grantor liability not implicating personal obligation for payments. Users are required to fill in various sections, such as borrower and lender information, loan terms, and property details. Editing instructions emphasize precise completion of all sections to ensure legal validity. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants who are involved in real estate finance, offering clarity on borrower obligations and rights regarding mortgages. Its access to clear legal procedures and terms aids in informed decision-making for complex property transactions.
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  • Preview Change or Modification Agreement of Deed of Trust
  • Preview Change or Modification Agreement of Deed of Trust
  • Preview Change or Modification Agreement of Deed of Trust
  • Preview Change or Modification Agreement of Deed of Trust
  • Preview Change or Modification Agreement of Deed of Trust
  • Preview Change or Modification Agreement of Deed of Trust

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FAQ

"Trust deed" or "deed of trust" means a deed executed in conformity with this chapter and conveying trust property to a trustee or trustees qualified under section 33-803 to secure the performance of a contract or contracts, other than a trust deed which encumbers in whole or in part trust property located in Arizona ...

In general, Arizona property will involve three types of deeds: 1) a warranty deed, 2) a special warranty deed, and 3) a quit claim deed.? The main differences between them are the guarantees made by the seller regarding the title to the property.

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. Quitclaim deeds are available in Arizona, but often not insurable.

How do I get a copy of my deed? Documents recorded with the Maricopa County Recorder's Office are available and searchable through the Maricopa County Recorded Document Search. To locate a copy of your deed, search using your last name and first name.

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.

General warranty deeds give the grantee the most legal protection, while special warranty deeds give the grantee more limited protection. A quitclaim deed gives the grantee the least protection under the law.

In general, Arizona property will involve three types of deeds: 1) a warranty deed, 2) a special warranty deed, and 3) a quit claim deed.? The main differences between them are the guarantees made by the seller regarding the title to the property.

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Deed In Trust Vs Deed Of Trust In Maricopa