Arizona Partial Release of Mortgage / Deed of Trust Lien on Leasehold Interest in Part of Lands Subject to Mortgage / Deed of Trust

State:
Multi-State
Control #:
US-OG-551
Format:
Word; 
Rich Text
Instant download

Description

This form provides for a partial release of a mortgage/deed of trust on leasehold interests.

How to fill out Partial Release Of Mortgage / Deed Of Trust Lien On Leasehold Interest In Part Of Lands Subject To Mortgage / Deed Of Trust?

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FAQ

33-801 - Definitions. 1. "Beneficiary" means the person named or otherwise designated in a trust deed as the person for whose benefit a trust deed is given, or the person's successor in interest.

No estate of inheritance, freehold, or for a term of more than one year, in lands or tenements, shall be conveyed unless the conveyance is by an instrument in writing, subscribed and delivered by the party disposing of the estate, or by his agent thereunto authorized by writing. B.

If a mortgagee, trustee or person entitled to payment receives full satisfaction of a mortgage or deed of trust, he shall acknowledge satisfaction of the mortgage or deed of trust by delivering to the person making satisfaction or by recording a sufficient release or satisfaction of mortgage or deed of release and ...

Notwithstanding any other provisions of law to the contrary the state legislature determines that the imposition of rent control on private residential housing units by cities, including charter cities, and towns is of statewide concern.

A grant or devise to two or more persons may by express words vest the estate in the survivor on the death of a grantee or devisee when expressly declared in the grant, transfer or devise to be a joint tenancy with right of survivorship.

?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 § 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 and in ...

The release or satisfaction of mortgage or release and reconveyance of deed of trust may be executed by a duly appointed attorney-in-fact of the title insurer, but such delegation shall not relieve the title insurer from any liability pursuant to this section.

A deed of trust is the most commonly used form of security document by lenders when purchasing a home in Arizona. Most people would assume it's the same as a mortgage. While they serve the same purpose, there are some key differences to understand.

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Arizona Partial Release of Mortgage / Deed of Trust Lien on Leasehold Interest in Part of Lands Subject to Mortgage / Deed of Trust