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Answer: Since 1971 Arizona has had both mortgages and deeds of trust to secure loans on a home (or other real property). Most lenders in Arizona now require a deed of trust rather than a mortgage to secure a loan on a home for two reasons. Understanding Mortgage vs. Deed of Trust - Combs Law Group Combs Law Group, P.C. ? mortgage-vs-deed-trust Combs Law Group, P.C. ? mortgage-vs-deed-trust
In many states, lenders use conventional mortgages as the primary security document for the underlying property during a real estate transaction. However, if you are buying a home in Arizona, you are likely to use a Deed of Trust as security for the property. What is a Deed of Trust? - Law Office of Laura B. Bramnick bramnicklawaz.com ? uncategorized ? what-is-... bramnicklawaz.com ? uncategorized ? what-is-...
Many people are familiar with the popular term ?mortgage? as it pertains to an agreement between a borrower and a lender. However, deeds of trusts are far more common than mortgages. In Arizona, property loans are secured by deeds of trusts. How to Foreclose a Deed of Trust in Arizona - Total Lender Solutions totallendersolutions.com ? arizona-deed-of-trust-f... totallendersolutions.com ? arizona-deed-of-trust-f...
General warranty deed A general warranty deed is the most common type of deed used when real property is purchased. The deed includes a guarantee from the grantor (seller) that they hold the title free and clear without any encumbrances on the property. Conveying Title to Real Property in Arizona: Deed Differences mandglawgroup.com ? 2021/02/01 ? conve... mandglawgroup.com ? 2021/02/01 ? conve...
There are two types of foreclosure in Arizona and California: the first type is ?judicial? foreclosure in which a lender files a lawsuit and gets a court order to foreclose on the property, and the second is ?non-judicial? in which the property is sold by a trustee's sale via a power of sale clause in a deed of trust.