The lien of any mortgage or deed of trust on any real property that is not otherwise satisfied or discharged expires at the later of the following times. Effective Date: Maturity Date: DEED OF TRUST.When Recorded Return to: Arizona Home Foreclosure. The Deed of Trust is the primary security document used in Arizona. There are many similarities between the Deed of Trust and the Mortgage. In real estate transactions, a trust deed transfers the legal title of a property to a third party until the borrower repays their debt to the lender. A discussion of legal principles applicable to foreclosing mortgage liens in Arizona. Find out about Arizona Deed of Trust requirements, including legal steps, roles, and benefits, to ensure proper real estate transactions. If your deed meets the criteria for an exemption code, you do not need to complete the Affidavit of Property Value. Arizona's quit claim deed transfers any interest the grantor holds in the property to the grantee.