Let’s take a moment to address the differences between a Quitclaim Deed and a (Special) Warranty Deed. There are several points to consider when choosing the correct deed to use for a title transfer. When you look at the differences between the deeds and scenarios for which each is best suited, you might reconsider using that Quitclaim Deed to transfer title. Quitclaim Deeds: Why They Stink A Quitclaim Deed (often [...]
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So far 5pints has created 17 blog entries.
Affidavit of Property Value An Affidavit of Property Value is form created by the Arizona Department of Revenue, and is required by law (ARS § 11-1133) to be recorded simultaneously with any deed transfer, unless you have a proper exemption code. What exactly does the Affidavit of Property Value do? Sometimes referred to as simply an [...]
If I add someone to title, does that make them responsible for the loan as well? When you add someone to the title to of your home, this does not automatically make them responsible for the loan. Many owners assume that if they add someone to the deed (title) of their property, the new owner is [...]
When are the Services of a Certified Legal Document Preparer (CLDP) preferred over an Escrow Agent?Legal Papers The services of a real estate Certified Legal Document Preparer [“CLDP”], also referred to as a Legal Document Assistant, are a great resource to anyone who owns or has an interest in real estate. Many property owners and investors [...]