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Arizona Warranty Deed - Individual to Three Individuals

Arizona Warranty Deed

Name: Arizona Warranty Deed - Individual to Three Individuals
Brand: US Legal Forms
Price: 59.00 USD
Rating: 4.62 (427 reviews)

Category:

Arizona Real Estate - Deeds - Warranty

State:

Arizona

Control #:

AZ-037-78

Format:

Instant download

Description

This form is a Warranty Deed where the Grantor is an Individual and the Grantees are three Individuals. Grantor conveys and warrants the described property to the Grantees. The Grantees take the property as joint tenants with the right of survivorship or as tenants in common. This deed complies with all state statutory laws.

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How to fill out Arizona Warranty Deed - Individual To Three Individuals?

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FAQ

Typically, the lender will provide you with a copy of the deed of trust after the closing. The original warranty deeds are often mailed to the grantee after they are recorded. These are your original copies and should be kept in a safe place, such as a fireproof lockbox or a safe deposit box at a financial institution.

A warranty deed guarantees that: The grantor is the rightful owner of the property and has the legal right to transfer the title.The title would withstand third-party claims to ownership of the property. The grantor will do anything to ensure the grantee's title to the property.

After your Warranty Deed has been recorded at the County Clerk's Office, it can be sent to the grantee. However, any person or corporation can be designated as the recipient of the recorded Warranty Deed.

A statutory warranty deed is different from a warranty deed because it is a shorter form made available through your state's statutes and it may not outright list the promise that the title is guaranteed to be clear. Instead, because it is a statutory form, this guarantee is implied and is still legally enforceable.

The original deed is returned to the owner of the property from the office of the recorder after proper entry. The office of the Recorder of Deeds maintains a set of indexes about each deed recorded, for an easy search. Almost all states have a grantor-grantee index including a reference to all documents recorded.

The mortgage company usually prepares this deed as part of the loan package and delivers it to the title company for you to sign at closing. The title company is commonly the trustee to the deed and holds legal title to the property until the loan gets fully repaid.

A warranty deed is a higher level of protection produced by the seller upon the real estate closing. It includes a full legal description of the property, and confirms the title is clear and free from all liens, encumbrances, or title defects. Most property sales make use of a warranty deed.Our title agents can help.

It's important to note that a warranty deed does not actually prove the grantor has ownership (a title search is the best way to prove that), but it is a promise by the grantor that they are transferring ownership and if it turns out they don't actually own the property, the grantor will be responsible for compensating

Arizona Warranty Deed

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FAQ

Who keeps original warranty deed?

Does a warranty deed mean you own the property?

What happens to the original warranty deed after it has been recorded?

What is the difference between a statutory warranty deed and a warranty deed?

Who keeps the original deed?

Who prepares a warranty deed?

Is a warranty deed the same as a title?

Does a warranty deed prove ownership?

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