This is a generic form for the sale of residential real estate. Please check your state=s law regarding the sale of residential real estate to insure that no deletions or additions need to be made to the form. This form has a contingency that the Buyers= mortgage loan be approved. A possible cap is placed on the amount of closing costs that the Sellers will have to pay. Buyers represent that they have inspected and examined the property and all improvements and accept the property in its "as is" and present condition.
Closing Property Title Forward In Pima
Category:
State:
Multi-State
County:
Pima
Control #:
US-00447BG
Format:
Word
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FAQ
Arizona law requires notarization for the deed to be valid. File with the County Recorder: Once notarized, the quitclaim deed must be filed with the county recorder's office where the property is located. This step is crucial as it makes the deed part of the public record and completes the transfer process.
– Quitclaim Deed: This deed transfers the grantor's interest in the property without any warranties or guarantees. It is often used for transfers between family members where the grantor may not want to warrant the current status of title.
Buyer - Pays for the property and receives clear title. Seller - Conveys the property and receives payment.
But Title Forward—a wholly-owned subsidiary of Redfin—is working to revolutionize the title, escrow and settlement aspect of the residential real estate process, as well as do away with some of the industry's more archaic methods.