Surprise Arizona Deed of Release and Reconveyance

• Category: Arizona Real Estate - Mortgages and Deeds of Trust
• State: Arizona
• City: Surprise
• Control #: AZ-030LRS
• Format: Word; Rich Text

Description

Form to cancel a deed of trust based upon full payment. To be filed in land records. Surprise Arizona Deed of Release and Re conveyance is a legal document used in Surprise, Arizona, to release a property from a mortgage or trust deed once the underlying loan has been paid off in full. This document serves as proof that the property is no longer encumbered by the lien created by the mortgage or trust deed. The Surprise Arizona Deed of Release and Re conveyance is typically prepared by the lender or the trustee on behalf of the lender. It contains detailed information about the property, the borrower, the lender, and the original mortgage or trust deed. The document also includes the legal description of the property, the loan amount, the date of the original mortgage or trust deed, and the recording information. Keywords: Surprise Arizona, Deed of Release and Re conveyance, mortgage, trust deed, property, lien, loan, lender, trustee, legal description, borrower, recording information. In Surprise, Arizona, there are three common types of Deeds of Release and Re conveyance: 1. Full Re conveyance: This type of deed is used when the borrower has successfully repaid the loan in full, and the lender releases all claims on the property. It effectively extinguishes the mortgage or trust deed and removes any liens from the property, giving the borrower full ownership rights. 2. Partial Re conveyance: In certain cases, the borrower may have made partial payments towards the loan, resulting in a reduction of the outstanding balance. A Partial Re conveyance is used to release a portion of the property from the mortgage or trust deed while still retaining a lien on the remaining balance. 3. Conditional Re conveyance: Sometimes, lenders may require certain conditions to be met before releasing the property from the mortgage or trust deed. This could include paying off a specific amount or fulfilling specific obligations. A Conditional Re conveyance is used to release the property upon the satisfaction of these conditions. When a Deed of Release and Re conveyance is executed in Surprise, Arizona, it is crucial to have it properly notarized and recorded with the County Recorder's Office. This ensures that the release is officially documented and protects the rights of both the borrower and the lender. Note: It is important to consult with a legal professional or real estate agent to obtain accurate and up-to-date information regarding Surprise Arizona Deed of Release and Re conveyance, as laws and procedures may vary and change over time.

Surprise Arizona Deed of Release and Re conveyance is a legal document used in Surprise, Arizona, to release a property from a mortgage or trust deed once the underlying loan has been paid off in full. This document serves as proof that the property is no longer encumbered by the lien created by the mortgage or trust deed. The Surprise Arizona Deed of Release and Re conveyance is typically prepared by the lender or the trustee on behalf of the lender. It contains detailed information about the property, the borrower, the lender, and the original mortgage or trust deed. The document also includes the legal description of the property, the loan amount, the date of the original mortgage or trust deed, and the recording information. Keywords: Surprise Arizona, Deed of Release and Re conveyance, mortgage, trust deed, property, lien, loan, lender, trustee, legal description, borrower, recording information. In Surprise, Arizona, there are three common types of Deeds of Release and Re conveyance: 1. Full Re conveyance: This type of deed is used when the borrower has successfully repaid the loan in full, and the lender releases all claims on the property. It effectively extinguishes the mortgage or trust deed and removes any liens from the property, giving the borrower full ownership rights. 2. Partial Re conveyance: In certain cases, the borrower may have made partial payments towards the loan, resulting in a reduction of the outstanding balance. A Partial Re conveyance is used to release a portion of the property from the mortgage or trust deed while still retaining a lien on the remaining balance. 3. Conditional Re conveyance: Sometimes, lenders may require certain conditions to be met before releasing the property from the mortgage or trust deed. This could include paying off a specific amount or fulfilling specific obligations. A Conditional Re conveyance is used to release the property upon the satisfaction of these conditions. When a Deed of Release and Re conveyance is executed in Surprise, Arizona, it is crucial to have it properly notarized and recorded with the County Recorder's Office. This ensures that the release is officially documented and protects the rights of both the borrower and the lender. Note: It is important to consult with a legal professional or real estate agent to obtain accurate and up-to-date information regarding Surprise Arizona Deed of Release and Re conveyance, as laws and procedures may vary and change over time.