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 With Lien In Phoenix
State:
Multi-State
City:
Phoenix
Control #:
US-00183
Format:
Word;
Rich Text
Instant download
Description
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FAQ
Your request can be submitted at our front counter, mailed to the Maricopa Municipal Court, 39600 W Civic Center Plaza, Maricopa, AZ 85138 or emailed. The form must be filled out completely otherwise it will not be processed. Your request must specify your name/agency and information requested.
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.
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. Select the colored box under the section "Pages" to view your document.
Each document must have original signatures or carbon copies of original signatures, except when otherwise provided by law. DOCUMENT AND PRINT SIZE: Each document must be no larger than 8 1/2 inches wide by 14 inches long, and shall have a print size no smaller than ten point type.
A deed of trust creates a lien on the purchased property when it is executed and delivered by the trustor/borrower to the beneficiary (usually the lender). Once executed and delivered, the deed of trust takes priority as a security against the property in relation to any other liens previously recorded.
Arizona follows a notice recording statute, which means that, while unrecorded transfers are valid between the parties to the deed (grantor and grantee), the grantor who, in violation of A.R.S. §33-411.01, fails to record the transaction, opens the grantee up to claims from future bona fide buyers for value.
"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 ...
For a deed to be legal, it must state the name of the buyer and the seller, describe the property being transferred, and include the signature of the party transferring the property. In addition to being either official or private, deeds are classified as general warranty, special warranty, or quitclaim.
It must include certain elements to be considered valid: Legal Description of the Property: This includes boundaries and is more detailed than just an address. Grantor's and Grantee's Details: Names and legal capacities. Consideration: A statement of value exchanged for the property.
More info
To locate a lien on a property, search using the name of the property owner. If you have questions about completing forms, which forms to record, and so on, you must contact a title company, estate planner, or seek legal advice.At all convenient and reasonable times upon prior notice to Trustor, Beneficiary or Trustee shall have the right and license to go on and into the Subject Real. Find out about Arizona Deed of Trust requirements, including legal steps, roles, and benefits, to ensure proper real estate transactions. Insert the recording information from the Master Form Deed of Trust in the second paragraph of the "Definitions" section of the Short Form Deed of Trust. A Deed of Trust is a real estate security document. Unlike a mortgage which only involves a borrower and a lender, these documents have three parties. AZ Statewide Paralegal offers the convenience of submitting all of this information online. We prepare your deed, record it with the county recorder and pay the recording fee. Under Arizona law, a first deed of trust has priority over a lien.