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.
Quick Deed Vs Warranty Deed In Phoenix
State:
Multi-State
City:
Phoenix
Control #:
US-00186
Format:
Word;
Rich Text
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FAQ
A general warranty deed is used to transfer real property from one person to another. This type of deed offers the greatest protection for the buyer and has specific requirements for what must be included in the document.
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.
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.
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.
What Is the Strongest Type of Deed? For real estate buyers, a general warranty deed provides greater protection than any other type of deed. While it's the best deed for the grantee, it gives the grantor the most liability.
General warranty deeds: A general warranty deed provides the most protection to the buyer but gives the grantor the highest degree of liability. The grantor of a general warranty deed fully warrants good, clear title to the property.
One of the main drawbacks of using a quitclaim deed is that you have little to no legal recourse if the grantor didn't actually have a legal interest in the property to give away. This is the risk you take with a quitclaim deed that doesn't offer any warranties.
The quitclaim deed must identify both the grantor and the grantee or the person or entity receiving the interest in the real estate by name. Finally, one of the parties must record the quitclaim deed at the local county recorder's office so that it becomes an official document.
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A quit claim deed functions as a restricted assurance in the property sphere, enabling the conveyance of a person's interest in real estate to another. 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.The key difference between a warranty deed vs. Quitclaim deed is the level of protection offered. Quit Claim Deeds and Warranty Deeds are documents that are used to transfer real estate. Claim Deed is a very common means of transferring property from one person to another, but it is also the most basic and insecure means of doing so. 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. A warranty deed and a quitclaim deed are two different types of real estate deeds that individuals use in property transactions based on their legality. A quitclaim deed is the fastest and most affordable way to transfer ownership of property from a seller to a buyer. Quitclaim deeds are used to legally transfer real property rights, and often used for name changes, marriages, divorces, living trusts, and more.