This form is an Authority to Release. The county clerk is authorized and requested to release from a deed of trust a parcel of land to the executor of the estate. The form must be signed in the presence of a notary public.
Warranty Deed Vs Quit Claim Deed For House In Arizona
State:
Multi-State
Control #:
US-00186
Format:
Word;
Rich Text
Instant download
Description
Free preview
Form popularity
FAQ
Common uses – Typically, quitclaim deeds are used for lower-risk transfers between related parties. In contrast, warranty deeds are used for real estate sales and high-value transactions involving unrelated grantees. Grantee risks – With a quitclaim deed, all risks remain with the grantee.
You can sell as a warranty deed... but this means you are warranting clean title and the buyer can come back to you, you should only provide a warranty deed if there's a title company/title insurance being purchased.
Special Warranty Deed Risks: The limited protection may expose buyers to title issues that arose before the seller's ownership period. This can be risky, especially for older properties or those with a complicated title history.
A quit claim deed is used to release personal interest in a property so that it can be transferred to another party. It does not make any guarantees about the validity of the title, or whether or not there are outstanding claims. A warranty deed is used when the grantor promises that the title is clear of any claims.
In a warranty deed, the seller guarantees they hold a clear title to the property and are legally able to transfer it. On the other hand, a quitclaim deed offers no guarantees or warranties about the status of the property title; it simply transfers whatever interest the seller may have, if any, to the buyer.
Special Warranty Deed: Similar to a general warranty deed, A special warranty deed offers less protection because it limits the grantor's covenants to the time period the grantor owned the property. Quitclaim Deed: A quit claim deed is used when an owner is giving up his or her interest in the property.
What Is a Quitclaim Deed? Quitclaim deeds are most often for transferring property between family members or to cure a defect on the title, such as a misspelling of a name.
Because of the lack of title guarantees, quitclaim deeds are most often used to transfer property between two parties who know and trust each other, such as family members.
A warranty deed offers the strongest protection. It protects the party receiving the property title in case there turns out to be any issues with the title.
More info
Warranty deeds are the safer option when buying property versus simply transferring ownership. Most buyers will want this option.A quit claim deed in Arizona transfers property without warranties or guarantees on the title's status. A warranty deed and a quit claim deed are both legal documents that can be used to transfer ownership of real property. A quitclaim deed transfers whatever interest the grantor has in the property but doesn't guarantee they actually own it. A warranty deed transfers your ownership and explicitly promises the buyer that you have good title to the property. A warranty deed pledges or warrants that the owner owns the property free and clear of any outstanding liens, mortgages, or other encumbrances against it. Quit Claim Deeds and Warranty Deeds are documents that are used to transfer real estate. A quit claim deed is used when a seller wants to sell a property without making any warranties to the title. ? A quit claim deed is a simpler and lower cost conveyance often used when a property transfers ownership without being sold.