What You Need to Know About Your Arizona Deed

What You Need to Know About Your Arizona Deed

When buying and selling Arizona property, you will encounter several legal documents.? Your deed is the instrument which legally transfers ownership of a property from one owner to the other. ?However, there are different types of deeds used to convey property.? Here is what you need to know about your Arizona deed:

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.? The main differences between them are the guarantees made by the seller regarding the title to the property.

Warranty Deed

A warranty deed, also known as a general warranty deed, is an instrument in which the seller is guaranteeing that he or she has good title to the property and can sell it to the buyer.? This promise extends to the history of the property.? In other words, the seller’s warranty covers his or her ownership period and those which came before it.? When a seller transfers property to a buyer with a warranty deed they are promising that he or she owns the property, the title is free and clear of issues, and if there are, the seller will take action to defend the buyer?s title, fix the problem, and pay for any damages which may come from them.

Special Warranty Deed

A special warranty deed is a deed a seller uses when he or she is guaranteeing the title but only for the time they owned the property.? This seller’s promise is the same as with a warranty deed except for the period it covers.?? These more limited deeds allow sellers to warrant that they have not created title issues during ownership.

Quit Claim Deed

A quit claim deed is used when a seller wants to sell a property without making any warranties to the title. ?The only thing the seller is stating is that he or she is conveying his or her interest in the property.?? Anyone buying a property with a quit claim deed should carefully look into the purchase property and its history.

While these types of deeds are common, there can be variations.? When purchasing Arizona property, it is essential to seek the advice and guidance of an Arizona real estate attorney who can help you examine the title and any associated issues.? Attorney Laura B. Bramnick is an experienced Arizona real estate attorney who has the expertise to help you evaluate the different aspects of your purchase and sale.? If you are seeking an exceptional, client-driven real estate lawyer in Scottsdale, Phoenix, Sedona and throughout the state of Arizona, contact Laura B. Bramnick to schedule your consultation.

 

 

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