An Arizona deed of trust is used to secure real estate financing by transferring a property title to a trustee as collateral. The trustee holds title until the borrower has fulfilled their obligation to the lending party. The power of sale clause in a deed of trust means they are authorized to foreclose on the home out of court if the borrower defaults.
An Arizona deed of trust is used to secure real estate financing by transferring a property title to a trustee as collateral. The trustee holds title until the borrower has fulfilled their obligation to the lending party. The power of sale clause in a deed of trust means they are authorized to foreclose on the home out of court if the borrower defaults.
Deeds must be signed by the grantor, notarized, and presented to the County Recorder’s Office for recording.[1] The Recorder’s Office accepts documents that meet the following requirements[2]:
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