This form is a deed of trust modification. It is to be entered into by a borrower, co-grantor, and the lender. The agreement modifies the mortgage or deed of trust to secure a debt described within the agreement. Other provisions include: renewal and extension of the lien, co-grantor liability, and note payment terms.
Deed Of Trust Example In Phoenix
State:
Multi-State
City:
Phoenix
Control #:
US-00183
Format:
Word;
Rich Text
Instant download
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FAQ
In Arizona, there is no legal requirement to record a trust with any government agency or public record office. Unlike real estate deeds or mortgages, trusts are private documents and are not typically recorded in public records.
In Arizona, trusts generally do not need to be recorded. The trust document itself is a private agreement that can remain confidential, which is often one of its main advantages. However, if you choose to record your trust for any reason, you can do so at your county recorder's office.
A deed of trust will include the same type of information stated in a mortgage document, such as: The identities of the borrower, lender, and trustee. A full description of the property to be placed in trust. Any restrictions or requirements on the use of the property while it is in trust.
This Deed of Trust (the “Trust Deed”) sets out the terms and conditions upon which: Settlor Name (the “Settlor”), of Settlor Address, settles that property set out in Schedule A (the “Property”) upon Trustee Name (the “Trustee”), being a Company duly registered under the laws of state with registered number ...
All deeds must be filed with the County Recorder's Office. Affidavit of Property Value – Required for every deed or transfer of ownership (except for property that is transferred through quitclaim for no monetary exchange or for a nominal amount.
The certification shall be in the form of an acknowledged declaration signed by all currently acting trustees of the trust. The certification signed by the currently acting trustee may be recorded in the office of the county recorder in the county where all or a portion of the real property is located.
Trustee: The trustee (trust manager) must be 18 years of age or older, have mental capacity and willing to take on the duties associated with managing the trust. Notary: Arizona requires a trust to be notarized for it to be considered legally valid.
First, search by your address or parcel number to locate your property. The current deed will be located under the "Deed Number" under the section "Owner Information". Once you locate your document, you may view an unofficial copy online.
Where to Get a Deed of Trust? To get a Deed of Trust, you must file the proper paperwork with the proper court as generally outlined above. These documents must be filed with the county clerk or recorder, and the lender typically sends them to the recording office after the property closing.
Yes, you can sell a home with a Deed of Trust. However, just like a mortgage, if you're selling the home for less than you owe on it, you'll need approval from the lender.
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However, unlike a mortgage, a deed of trust appoints a thirdparty trustee to hold the property's title. This Deed of Trust is given for the purpose of creating a lien on the Property in order to secure not only any existing indebtedness, but also future advances.I'm just going to take you through the exact process of how to fill out a deed of trust exactly and you can see what I mean it's very straight forward. Maricopa County Deed of Trust Form. Fill in the blank form formatted to comply with all recording and content requirements. A Deed of Trust is a real estate security document. Unlike a mortgage which only involves a borrower and a lender, these documents have three parties. Is your document recorded under the name of your Trust or Business? Our team provides complete case management services for quit claim deeds and warranty deeds in Tucson and Phoenix, AZ. We prepare your deed, record it with the county recorder and pay the recording fee.