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 Phoenix
State:
Multi-State
City:
Phoenix
Control #:
US-00183
Format:
Word;
Rich Text
Instant download
Description
Free preview
Form popularity
FAQ
A deed cannot be recorded unless it is accompanied by a completed and signed Affidavit of Property Value form. If a deed is claiming an exemption, the exemption number must be listed on the face of the deed. For a complete list of documents that are exempt, visit the Arizona Department of Revenue homepage.
The first requirement for nearly any real estate deed is that it must be in writing. The grantor must sign the deed in the presence of a notary public or other officer authorized to take acknowledgements (A.R.S. 33-401). Arizona provides statutory forms for quitclaim, conveyance, and warranty deeds.
"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 Maricopa County, over 90% of documents are recorded digitally. Prior to submitting documents for digital recording, a customer must open an account with the Recorder's Office and sign a Memorandum of Understanding specifying how digital documents are to be submitted.
A deed is a signed legal document that grants its holder ownership to an asset but may set conditions on the transfer. The deed isn't a title. It's the vehicle for transferring the concept of title. A deed can be open to legal challenges and delays in some cases.
First, search by your address or parcel number to locate your property. The current deed will be located under the "Deed Number" under the section "Owner Information". Once you locate your document, you may view an unofficial copy online.
Contact the County Recorders Office for the county in which the property is located. with any licensing boards overseeing the trade. Some records may be held at the Arizona State Archives.
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 .
The recorder's office primarily records deeds; however, other documents that are used to secure a right to property are also recorded, such as: Deed of Trusts or Mortgages: A deed of trust or mortgage secures a lender's rights to a property.
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.
