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Authority to Release of Deed of Trust

Warranty Deed Vs Quit Claim Deed For House 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

A warranty deed makes a promise to the buyer that the seller has good title to the property. A quitclaim deed, on the other hand, makes no promises. A quitclaim deed just says; whatever interest I have in this property, I give to you.

General warranty deeds give the grantee the most legal protection, while special warranty deeds give the grantee more limited protection. A quitclaim deed gives the grantee the least protection under the law.

The most common deed form in Arizona is the warranty deed. Warranty deeds provide protection to the buyer in the form of a warranty by the seller that guarantees no issues with the title. Quitclaim deeds are available in Arizona, but often not insurable.

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.

In general, Arizona property will involve three types of deeds: 1) a warranty deed, 2) a special warranty deed, and 3) a quit claim deed.? The main differences between them are the guarantees made by the seller regarding the title to the property.

It's safer to use a warranty deed any time you are not entirely sure of your or someone else's ownership stake in any property. If you are transferring a property to your child or to a revocable trust agreement as part of an estate plan, then a quitclaim deed could do the trick.

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.

Quitclaim deed transfers are ideal for: transferring property interest between family members, such as a parent to a child.

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A quitclaim deed offers a lower level of protection to buyers. Your deed must include either an Affidavit of Property Value OR Exemption Code in order to be accepted for recording.A quit claim deed is used when a seller wants to sell a property without making any warranties to the title. ? Maricopa County Recorder's office is where to file an Arizona quitclaim deed if the property is located within Maricopa county. A Quitclaim Deed is a document that releases or "quits" one's interest in a piece of real property. A Quitclaim Deed is the most common Deed used for estate planning purposes. A quit claim deed, in essence, transfers any interest a grantor (the seller) may have in a property to a grantee (the buyer). A quitclaim deeds affects only how the property is titled. It has no effect on the debts or loan obligations of both husband and wife. An Arizona quitclaim deed makes no warranty of title.

Warranty Deed Vs Quit Claim Deed For House In Maricopa

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FAQ

What is the difference between a warranty deed and a quit claim deed in Arizona?

What is the best deed to transfer property?

What is the most common type of deed used in Arizona?

What are the different types of deeds in Arizona?

What are the deeds for property in Arizona?

Which is better, quit claim deed or warranty deed?

Does a warranty deed prove ownership in Arizona?

Which is better quit claim deed or warranty deed?

Who benefits the most from a quitclaim deed?

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