First, decide how you would like to hold the title. Completing the Arizona car title transfer procedure is a mandatory step when the vehicle changes ownership from one legal entity to another. ... How do I change the ownership of a piece of property. What do we need to do to change a property title in Arizona? The first requirement for nearly any real estate deed is that it must be in writing. The deed must have a caption that summarized the type of document it is: gift or quitclaim deed. The trustee holds legal title to the property and the beneficiaries hold equitable title. 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. - A deed recorded to show transfer of real property as a gift where no money changes hands. Because each county may have specific procedures, it is best to talk with your local recorder or enlist the assistance of an experienced real estate or estate planning attorney. The title is stored electronically. You personally are still obligated to make the mortgage payments on time. Sign at the bottom if you are the Grantor. Use a quitclaim deed to transfer your real estate title into your trust. Copyright 2020 Leaf Group Ltd. / Leaf Group Media, All Rights Reserved. The following are deeds that are used for transfer of real property in Arizona: Arizona Deed Transfer An Arizona property title change may be required for a number of reasons. Learn more: Step by Step self-paced guide; Frequently Asked Questions Don't confuse the deed title with these other types of deeds to transfer ownership. Since you want to remain on the deed, you'll need to also be a grantee, or receiving party. One of the services offered at Arizona Statewide Paralegal is the filing of a quit claim deed or warranty deed in order to add someone to the title of a house. Typically set up for estate planning purposes, revocable trusts don't take full effect until they are funded. Nothing on this website should be considered a substitute for the advice of an attorney. . In Arizona, a deed of conveyance costs $15 to record with additional fees for items such as affidavits and mortgage deeds. A name change on property deed is ideal when you own a house without any loan or mortgage. Copyright ©2020 MH Sub I, LLC dba Nolo ® Self-help services may not be permitted in all states. * For documents that evidence a transfer of real property, an affidavit of property value form needs to accompany the document. A quitclaim deed is used to relinquish interest by an owner, perhaps in a short sale. Your question may be answered by contacting a title company and/or by consulting an attorney. Usually, you can do this with a simple quitclaim deed. Note: Arizona is a community property state. In addition, many mortgages have a “due on sale” clause, which means that if you transfer ownership of the property, the lender could require you to pay the full mortgage amount. Do Not Sell My Personal Information. Use a quitclaim deed to transfer your real estate title into your trust. Three Arizona deed forms are named after the warranty of title that they either provide or don’t provide:. If an exemption is being claimed, the exemption code needs to be listed on the face of the deed. This article covers the difference between the two types of deeds and the process for filing them. In the case of a gift, enter the cost of recording the deed. Many people think they can come into the office and change the present recorded deed with a form, but that is not the case. You have several options as to how you hold title to your Arizona property, including: Go to your local county recorder's office to find out the correct papers to file to transfer or change the title to your property. The deed title is the official ownership record maintained at the county recorder's office. Almost immediately, those homeowners discover there's more than one way to do this — quitclaim deeds, warranty deeds, special warranty deeds and more. These requirements may involve filing an Affidavit of Survivorship and a certified copy of the deceased owner's death certificate with the county recorder's office or registrar of titles. This point is often confusing because many people believe that property should be held in the name of the trust. Access a form online or from an attorney or make your own with the required information. General Warranty Deed Form – Provides a full warranty of title that gives the most protection to the grantee. Quitclaim deeds are generally exempt, but the recorder's office will not allow the recording to proceed if you need one. The Arizona deed forms are used to convey real property from one person (grantor) to another (grantee). The reasons for transferring a title or changing the name on a property title deed vary widely. If you transfer real estate as a gift, you will be subject to the gift tax. All forms of house deed transfers require a newly written deed that includes, at a minimum, a description of the property being transferred and the name and date of birth of each grantee. The names of Arizona deeds are determined by the features of the deed. This article was written by Legal Beagle staff. Using a Quitclaim Deed Obtain the form deed from the recorder or register of deeds in the county … Enter the full legal name of the Grantee or new owner in the same way. Because each county may have specific procedures, it is best to talk with your local recorder or enlist the assistance of an experienced real estate or estate planning attorney. Continue reading below for complete instructions on auto title transfers. 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. List your current primary residence in any spaces that request the grantor's address. You cannot attempt to change title to property, in or out of a living trust, unless you are either the owner of the property or the trustee charged with managing the property. A mobile home title often contains the mobile home’s serial number, Vehicle identification number (VIN), age, make, model, size, address, date of title, date of last title, and also an area for the buyers and seller’s signature. A name change may not be allowed if the court thinks that the change might affect the rights of another person such as a creditor or the other parent of the child. Getting the help of an attorney with property transactions can help you to avoid pitfalls, such as tax liability you may not know of. This puts the world on notice that title to the real estate has been transferred into the name of the beneficiary listed in the TOD deed due to the owner's death. The county website has a fee calculator to assist. Whenever you’re in a situation of owing some money to the bank for your loaned house never, do quitclaim or name change on property deed or else be ready for a lawsuit by the bank. If you have any questions, please reach out to us on our contact us page. But when a home is owned in joint tenancy or tenancy by the entirety a surviving spouse may not need a deed. Property acquired by a husband and wife is presumed to be community property unless legally specified otherwise. Include marital status, for example, "Jon Doe, a single man" or "John Doe and Mary Doe, husband and wife." The recorder's sticker or stamp will show the date and book and page in which the information is entered. Arizona Quitclaim Deed Our ARIZONA QUITCLAIM DEED may be used legally to transfer Arizona real property rights to another person or legal entity. A definition of a “legal entity” may be a corporation, partnership, an association or trust, just to name a few. Taking title to a house in joint tenancy is an effective way to pass it on to the survivor without going through probate (and with no need to include it in a will). Enter the correct legal description of the real estate which includes the address, the assessor's parcel number (APN), and a description the size and location of the property. In some states, the information on this website may be considered a lawyer referral service. Sticker or stamp will show the date and book and page in which you reside file along... 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