Phoenix Arizona Report of Sale of Real Property and Petition for Confirmation of Sale

Category:
State:
Arizona
City:
Phoenix
Control #:
AZ-PB-19
Format:
Word; 
Rich Text
Instant download

Description

Report of Sale of Real Property and Petition for Confirmation of Sale - Arizona: This is a report filed by the Administrator of an estate. It details a sale of the estate's property, reasoning for the sale and the amount collected. It requests that the court approve said sale, and is signed in front of a Notary Public. It is available for download in both Word and Rich Text formats.

The Phoenix Arizona Report of Sale of Real Property and Petition for Confirmation of Sale is a legal document that serves as an official record of a real estate transaction in Phoenix, Arizona. It is typically used when a property is sold and the seller wants to confirm the sale through a petition to the court. This document contains detailed information regarding the sale, including the names and contact information of the buyer and seller, the property address, legal description, and the terms and conditions of the sale. It may also include information about the purchase price, financing arrangements, and any liens or encumbrances on the property. The purpose of the Report of Sale is to provide an accurate account of the transaction to the court, ensuring transparency and compliance with legal requirements. It helps protect the rights of both parties involved and provides a clear record of the sale for future reference. In addition to the standard Report of Sale, there may be different types or variations depending on specific circumstances. These could include: 1. Trustee's Report of Sale: Used when a property is sold as part of a foreclosure or trustee sale. It outlines the details of the sale conducted by a trustee on behalf of a lender or beneficiary. 2. Estate Representative's Report of Sale: Applicable when a property is being sold as part of a probate process. It includes information about the deceased owner, the estate representative, and the court's approval of the sale. 3. Divorce Settlement Report of Sale: Used in cases of divorce where a property is being sold as part of the settlement. It may detail the division of proceeds between the divorcing parties and any court orders or agreements related to the sale. The filing of a Petition for Confirmation of Sale is often done in conjunction with the Report of Sale. This petition is a formal request to the court to confirm and approve the sale, ensuring all legal requirements have been met. It typically includes a summary of the sale, supporting documentation, and a request for the court's confirmation. Overall, the Phoenix Arizona Report of Sale of Real Property and Petition for Confirmation of Sale serves as a crucial legal document that verifies the transfer of ownership and protects the rights of all parties involved in a real estate transaction in Phoenix, Arizona.

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FAQ

You can make an application to remove an Executor either before a Grant of Probate has been issued or after. Generally, if such an application is made after the issue of a Grant of Probate, it would be made to the High Court under Section 50 of the Administration of Justice Act 1985.

In Arizona, probate is required when an estate is worth more than $75,000. If the estate is worth less than that amount, the beneficiaries can file a Small Estate Affidavit to claim their inheritance without going through probate.

Compensation for an Arizona Personal Representative Generally personal representatives receive reasonable compensation paid at $25 to $50 per hour.

Probate. If you are named in someone's will as an executor, you may have to apply for probate. This is a legal document which gives you the authority to share out the estate of the person who has died according to the instructions in the will. You do not always need probate to be able to deal with the estate.

In the state of Arizona, probate is only required if the decedent has any assets that did not transfer automatically upon their death. These assets tend to be titled individually in the decedent's name and will require a probate court to transfer the title of ownership to the intended beneficiary.

Once the Grant has been received the personal representative has a duty to collect in the assets of the deceased, pay the liabilities and distribute the estate to the beneficiaries. They have many powers to assist them when dealing with an estate e.g. power to sell property, insure property and invest monies, etc.

To open probate proceedings, a family member or friend will need to file a petition with the county court. If the family members are in agreement, the court can appoint one of them to serve as the estate's executor or personal representative.

When is a probate action required in Arizona? Under Arizona law, the general rule is that if the deceased person owned more than $100,000 of equity in real estate, or more than $75,000 of personal property (including physical possessions and money), then a probate action is required to transfer the assets to the heirs.

The total value of the estate's personal property, including cash, bank accounts, stocks, bonds, jewelry and automobiles, cannot exceed $75,000. Additionally, the total assessed value of the estate's real property cannot exceed $100,000 after the value of liens or encumbrances has been subtracted.

A person interested in the estate may petition for removal of a personal representative for cause at any time. Once the petition is filed the court will set a time and place for a hearing. Notice shall be given by the petitioner to the personal representative, and to other persons as the court may order.

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Firearm laws in Arizona regulate the sale, possession, and use of firearms and ammunition in the state of Arizona in the United States. The state's medical marijuana dispensaries will, in a few months, begin selling their products to all adults old enough to buy liquor.Sale Procedure: The property is sold at public auction to the highest cash bidder. The beneficiary may credit bid up to the full amount due under the loan. Village of Canton, NY (N. This general ordinance would affect everyone in the community. To sell, and listing for sale real estate, cemetery, and membership camping properties. AZPOINT, the Arizona Protective Order Initiation and Notification Tool, has been designed to help you fill out a petition for an Order of Protection. Firearm laws in Arizona regulate the sale, possession, and use of firearms and ammunition in the state of Arizona in the United States.

The state's medical marijuana dispensaries will, in a few months, begin selling their products to all adults old enough to buy liquor. Sale Procedure: The property is sold at public auction to the highest cash bidder. The beneficiary may credit bid up to the full amount due under the loan. Alabama's state laws are complex and have been drafted to keep it from becoming one of the many “Stand Your Ground” states.

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Phoenix Arizona Report of Sale of Real Property and Petition for Confirmation of Sale