US Legal Forms
Authority to Release of Deed of Trust

Warranty Deed Vs Grant Deed In Maricopa

Category:

Real Estate - Mortgages and Deeds of Trust

State:

Multi-State

County:

Maricopa

Control #:

US-00186

Format:

Instant download

Description

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.

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FAQ

No, a warranty deed does not prove ownership. A title search is the best way to prove that a grantor rightfully owns a property. The warranty deed is a legal document that offers the buyer protection. In other words, the property title and warranty deed work in tandem together.

You can record a document in-person, by mail, or electronically. Your document must be an ORIGINAL or government-issued CERTIFIED copy to be accepted for recording.

The “warranty deed” is like a grant deed, except that it contains additional promises. Specifically, a warranty deed expressly warrants the title to the property and the quiet possession of the property the grantee.

Material Defect: This type implies more significant errors like wrong legal descriptions of properties, missing names of grantees, or invalid grantor representation. Breach of Warranty: This type occurs when the property seller or 'grantor' cannot or does not meet the legal assurances provided in the warranty deed.

A warranty deed alone does not prove ownership. It represents the transfer of ownership rights but must be recorded with the county recorder's office to finalize the ownership change.

A grant deed transfers your ownership and implies certain promises—that the title hasn't already been transferred to someone else or been encumbered, except as set out in the deed. This is the most commonly used kind of deed, in most states.

The main difference between a grant deed vs. warranty deed is the level of protection offered. A warranty deed offers a higher level of protection than a grant deed. With a grant deed, the grantor is guaranteeing that they haven't sold the property to anyone else, and that it is clear of any liens or restrictions.

A general warranty deed must include the following to be valid: The name and address of the seller (called the grantor) The name and address of the buyer (called the grantee) A legal description of the property (found on the previous deed) A statement that the grantor is transferring the property to the grantee.

You might come across four deed types in your real estate career: primary deeds, Arizona deeds, Judicial Deeds, and Special Purpose Deeds. Read our quick guide to the most commonly used deeds in Arizona so you can head into real estate transactions with confidence.

The fundamental difference is that a Grant Deed ensures the grantor has a legal interest in the property, while a Quitclaim Deed releases only the potential interest one might have in a property without any warranties.

More info

Quitclaim Deeds, Beneficiary Deeds and Special Warranty Deeds. We prepare your deed, record it with the county recorder and pay the recording fee.An Arizona general warranty deed allows the current owner (grantor) to transfer Arizona real estate to a new owner (grantee) with a full warranty of title. A Warranty Deed is the best type that a purchaser of property can get. The grant deed is similar to a warranty deed but does not include additional guarantees. Arizona offers two ways to accomplish this: a quit claim deed or a warranty deed. There are different deed forms depending on the type of transfer required. In Maricopa County, Arizona, you can do this at either the main office in Phoenix, at 111 S. Third Avenue, or in Mesa at 222 E. Javelina Avenue. The Southeast office is in Mesa, Arizona. Maricopa County Recorder's Offices are responsible for recording and maintaining permanent public records.

Warranty Deed Vs Grant Deed In Maricopa

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FAQ

Is a warranty deed proof of ownership?

How do I record a deed in Maricopa County?

Is a warranty deed a grant deed?

What makes a warranty deed invalid?

Does a warranty deed prove ownership in Arizona?

What is a grant deed in Arizona?

Is a warranty deed the same as a grant deed?

How do I fill out a warranty deed?

What are the different types of deeds in Arizona?

What is an important difference between a grant deed and a quitclaim deed?

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