We have enough information on this site to guide you through every inch of the way. Customer Service 602-255-0072, Mail in Dept Only: Msg: 602-712-2528, Fax 602-7122555. How to build credit with no credit history, How to remove fraud from your credit report. If the document is complete, meets the form requirements, and the proper fees have been paid, we will record your document and make it a ). How to Complete a Vehicle Title Transfer in Arizona Go with the buyer/seller to a DMV title transfer office. You will also need to choose how the grantees will hold title to the property. To learn more about structuring your assets in a guaranteed estate plan, contact our office today at (480) 418-8448. If you are adding or removing a name, you can use a quitclaim deed. To transfer a title and registration, you must have these items: If there is a lien on the vehicle that has not been paid off, written permission from the lienholder/lender will be required to add or delete a name. To address the above issue, the Arizona legislature adopted A.R.S. If you have a copy of the most recently recorded deed, that is helpful as we need to provide the proper legal description of the property. Once you click apply you will be directed to the issuer or partner's website where you may review the terms and conditions of the offer before applying. At the time you file the deed, you must file an affidavit of value, signed by you and the buyer, which certifies for tax purposes the value of the transferred property. However, since the HOA fee is not under the control of either party, it might show up separately after the transaction is complete. After executing the quitclaim deed, you should record the document in the county where the property is located. Reviewed by: Michelle Seidel, B.Sc., LL.B., MBA. Sign at the bottom if you are the Grantor. You are the grantor (giving the interest) and the person who receives your interest is the grantee. ARIZONA TITLE REQUIREMENTS - NEW HOME PURCHASE. Quit claim deeds are sometimes mistakenly called quick claim deeds. Similarly, when you pay off a vehicle loan, the title will be held electronically. A quit claim deed transfers your property interest to another person or legal entity. This is now public record and Grantee is the new owner of the property. So now you have an important reason to change the name in the title from your personal names to the name of your living trust. Within the middle part of the form, there may appear two legal words that sometimes confuse people. They do a very professional and efficient job. When you buy a vehicle, Arizona law requires that youapply for a titlewithin 15 days of purchase or a penalty may be assessed. 33-405) transfer property upon death. What do I have to do to transfer the land to the Arizona LLC? Title could involve a right of survivorship or revocable trust. All property sales transactions require a completed affidavit of property. Title Fee $7.44 (as of 5/11/09) per section, payable to "AZ DMV" (title fee subject to change when postage changes) **Additional $4.00 (per section/title/mso) penalty fee, payable to "AZ DMV". A deed is a written document that provides evidence of ownership of a property (also called legal interest in a property) and also is used to transfer property ownership from one person or entity to another person or entity. Please understand that Experian policies change over time. Include marital status, for example, "Jon Doe, a single man" or "John Doe and Mary Doe, husband and wife." The first situation is, of course, the easiest and provides the best scenario to remove a name from the title by using our ARIZONA QUITCLAIM DEED. A quitclaim deed is used to relinquish interest by an owner, perhaps in a short sale. The deed to your property specifies the type of ownership you have. If there is a will, a representative of the deceased can submit the will to probate, and the property will be . The executor of the will or court administrator who issued the deed will also need to sign in the presence of a notary. Property transfers, including changing the way in which you hold title, often have tax implications many people may not completely understand. Upon death of one of the spouses, the decedents interest will pass by will (if one exists) or intestate succession (if no will exists). Some forms are also available online at We are the real estate industrys most trusted resource for the preparation of real estate legal documents. The fee for recording your deed varies, based on its length. Arizona allows for the transfer of real estate by affidavit if the equity of all the real property in the estate is not greater than $100,000. This is a simple paperwork change, sometimes called a quitclaim deed, and will probably cost around $1,000 or so. A Quitclaim Deed is a document that transfers ownership of real property, such as a house or piece of land, without a guarantee of ownership. Civil Rights/ADA | Derechos Civiles/ADA | Website Policies. Arizona deeds must meet the legal requirements established by Arizona statutes, including a brief statement of the purpose of the document, description of the land's location, your full name and that of the recipient and a description of the purchase price. General Warranty Conveys property from a seller to a buyer with a warranty of title. You are merely signing over your legal interest, if any, in the property. CORPORATION Notarized. The AZ DMV needs you to take these steps. Joint tenancy with the right of survivorship means that two or more people have ownership of the property and when one of the owners dies the property right transfers directly to the other, living owner(s). There are multiple ways to purchase a copy of a document When getting remarried, one spouse might use a quit claim deed to add the new spouse to the property title. Arizona Quitclaim Deed. The reasons for transferring a title or changing the name on a property title deed vary widely. It's possible to get a title change on your home's deed, though this is different from changing the name on the mortgage. Once you have decided which type of deed you want to use to transfer ownership to property, youll need to gather some information to get started on the process with AZ Statewide Paralegal. Some counties have parcel information online, while others require you to physically go to the office. Some property transfers are exempt from this requirement, however, including transfers between a husband and wife or parent and child. Offer pros and cons are determined by our editorial team, based on independent research. Motorists are recommended to obey the following steps to complete an out of state title transfer as a new resident: Surrender the out-of-state car title and registration. For informational purposes, here are the definitions of these types of ownership: Sole ownership means you are the only owner of the property. While most quitclaim deeds are the same, each state and their counties have their own laws and procedures. You may be selling, gifting or otherwise transferring your property, or you may just wish to change the way in which you hold your property. (Also, Arizona law requires that the names and addresses of the trust beneficiaries are disclosed when transferring property into or out of a trust.). If a paper title is needed, for reasons such as moving out of state, you can use the Title Replacement service onAZ MVD Now. Specify your new name by entering it into item eighteen (18) of the voter registration form. GENERAL PARTNERSHIP Avoiding probate can save a family $1,500 to $3,000 or more in legal fees. A definition of a legal entity may be a corporation, partnership, an association or trust, just to name a few. Some may require you have an attorney or title company prepare a new deed for you. Deeds must be signed in the presence of a notary and recorded with the county recorders office in the county in which the property is located. Enter the full legal name of all parties to the transaction. Copyright 2023 MH Sub I, LLC dba Nolo Self-help services may not be permitted in all states. Answer : Forming an LLC to own the real estate and to shield you from liability if something goes wrong with the real estate is definitely a good idea. Usually at the top of the forms are two sections, one side for the recorders use and the other for the return address. Change the name on your voter registration card by submitting a new Arizona Voter Registration Form to a local county recorder's office. (The grantor, remember, is the person or persons who owns the property.) UPS or FedEx: The HOA management team will set the fee, which can run from $100 to $400. How Long Should You Live in a House Before Selling? Toggle Navigation (888 . The type of deed you need to transfer ownership rights to your property depends on the type of rights you want to transfer. The middle of the form contains the legal jargon including the description of the property, name of parties involved and dates. AZ Statewide Paralegal offers the convenience of submitting all of this information online. Once you pay off your mortgage, your county government typically releases the home's deed to you now that you are the sole owner. Property taxes are paid only at the Pima County Treasurers office located at 240 N Stone Avenue. Many people choose to have their home included in a living trust. Arizona real property transferred by an Arizona Beneficiary Deed avoids the cost and delay of probate because the property is not part of the probate estate of the deceased owner. Please complete the following form and we will follow up with any additional questions. The deed must have a caption that summarized the type of document it is: gift or quitclaim deed. Copyright 2023 Leaf Group Ltd. / Leaf Group Media, All Rights Reserved. Transferring a Title and Registration Credit or refund for fees Notice: The Pima County Recorder's Office will be performing maintenance on Saturday, September 8th from 8:00 am to 1:00 pm. Box 3145 Tucson AZ 85702-3145 . Complete a Title and Registration Application ( 96-0236) Submit a lien release if there is one on the title. Quit claim deeds are also used when setting up a living trust. Start Your Car Bill of Sale The deceased's full name, date of death and place of death must be entered in the corresponding fields on the form. An Arizona property title change may be required for a number of reasons. You should have a Trust & Estate's attorney assist you. We are certified by the Arizona Supreme Court. Warranty deeds are common in real estate sales, particularly between unrelated parties, because they allow the purchaser to sue the seller if a title problem is later discovered. For example, the deed must have original signatures. She will require picture identification and may ask you if you are sure you are signing of your own free will. Copyright 2023 Leaf Group Ltd. / Leaf Group Media, All Rights Reserved. In real estate, the deed records a property's title and the . 2023 All rights reserved. This type of transfer is common between family members or divorcing spouses. Real Estate Investorsprotect their assets by forming aLimited Liability Company. Monday through Friday Joint Tenancy with the Right of Survivorship Tenancy in Common Community Property Community Property with the Right of Survivorship General Partnership Limited Partnership Beneficiary Deed Joint Tenancy with the Right of Survivorship But what if you need to change the title on your home? Once we have received all of your information, we will prepare the deed for your signature. A quitclaim deed may also be used to add, delete or change a name on the title. You need to include the grantor's name. When you use a warranty deed, you are guaranteeing that no one else has any legal interest or right to the property. For example, one party could own an undivided 25% interest while another 2 parties own 60% and 15%. How to get a personal loan with fair credit. You will be able to change your name on your driver's license, social security card and bank account with this certified copy. Give your email address, create a secure password, or use your email account to finish the signup. Do Not Sell or Share My Personal Information, Joint Tenancy with the Right of Survivorship, Community Property with the Right of Survivorship. Changing your title isn't easy, but that's a good thing since it helps ward off home title fraud, a form of identity theft. When you, as a property owner, want to transfer your ownership interest, or part of it, to someone else, you must use a deed to officially give the property to its new owner. We go a step further to ensure that your experience with us and, most importantly, your experience with your legal matter exceed your expectations. Documents may be recorded in 3 ways: In Arizona, as in other states, property ownership is determined by the property's deed, and the recorder's office records deeds in the county where the property sits. A few years go by, and now there is a couple of children added to the mix. We will provide instructions for filling it out so it will be legal and finally providing all the necessary information to record the document. If you want to process a change of name and/or address for our records, you may do any of the following: Come in person to the Clerk's Office at either of the following locations: 201 W. Jefferson, Phoenix. Tucson AZ 85701 (Do not mail to this address) (520) 724-4350. Trust Deed When there is a mortgage on the property to secure the rights of the bank to the property in the event of non-payment of the mortgage. You must record the original, signed and notarized document to the Maricopa County Recorder's Office. If your vehicle was registered in another state and you want to operate it in Arizona, you must register it as soon as you become an Arizona resident. This form is required by the Arizona Motor Vehicle Division and is used to transfer a vehicle from the deceased owner to the applicant. A certificate of limited partnership must be filed in the Office of the Secretary of State, a certified copy of which must be recorded. according to the recording fee schedule (Map) Tucson AZ 85701 I know! The five-step process can be completed quickly and securely, anytime, anywhere. REOPENED STARTING MONDAY, JAN. 23 Office Hours A Community property estate between married persons that vests the title to real property in the surviving spouse provided it is expressly declared in the deed. (Map) Learn what it takes to achieve a good credit score. Your original document will be returned to the address typed on the document. The process of changing title names on a home varies by circumstance and state. Upon divorce, the courts will equally divide community property. Arizona Department of Revenue. Interest while another 2 parties own 60 % and 15 % Division and is used to,... 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