This form is an Authority to Release. The county clerk is authorized and requested to release from a deed of trust a parcel of land to the executor of the estate. The form must be signed in the presence of a notary public.
Warranty Deed Vs Quit Claim Deed For House In Phoenix
State:
Multi-State
City:
Phoenix
Control #:
US-00186
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Word;
Rich Text
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FAQ
It's safer to use a warranty deed any time you are not entirely sure of your or someone else's ownership stake in any property. If you are transferring a property to your child or to a revocable trust agreement as part of an estate plan, then a quitclaim deed could do the trick.
There are many uses for a quitclaim deed, but one of the most common is to convey ownership between people who are related, like spouses, parents or other family members.
This instrument can only be used in the state of Arizona. While most quitclaim deeds are the same, each state and their counties have their own laws and procedures. After executing the quitclaim deed, you should record the document in the county where the property is located.
The quitclaim deed must identify both the grantor and the grantee or the person or entity receiving the interest in the real estate by name. Finally, one of the parties must record the quitclaim deed at the local county recorder's office so that it becomes an official document.
A warranty deed makes a promise to the buyer that the seller has good title to the property. A quitclaim deed, on the other hand, makes no promises. A quitclaim deed just says; whatever interest I have in this property, I give to you.
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.
What Is the Strongest Type of Deed? For real estate buyers, a general warranty deed provides greater protection than any other type of deed. While it's the best deed for the grantee, it gives the grantor the most liability.
It's safer to use a warranty deed any time you are not entirely sure of your or someone else's ownership stake in any property. If you are transferring a property to your child or to a revocable trust agreement as part of an estate plan, then a quitclaim deed could do the trick.
A general warranty deed is used to transfer real property from one person to another. This type of deed offers the greatest protection for the buyer and has specific requirements for what must be included in the document.
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A warranty deed and a quit claim deed are both legal documents that can be used to transfer ownership of real property. A quit claim deed is used when a seller wants to sell a property without making any warranties to the title. ?A warranty deed pledges or warrants that the owner owns the property free and clear of any outstanding liens, mortgages, or other encumbrances against it. A warranty deed and a quitclaim deed are two different types of real estate deeds that individuals use in property transactions based on their legality. A Quitclaim Deed is a document that releases or "quits" one's interest in a piece of real property. Claim Deed is a very common means of transferring property from one person to another, but it is also the most basic and insecure means of doing so. A Quitclaim Deed transfers any interest the grantor may have in the property without making any guarantees about the quality of the title. A quit claim deed is a simpler and lower cost conveyance often used when a property transfers ownership without being sold. Quit claim deeds provide no warranties against future claims or undisclosed issues with the property. It conveys an owner's interest in a property to a buyer without offering any guarantees or warranties about the status of the property.