AZ Underwriting Summary - Revision history

Alanfields: /* Vesting */

2026-04-03T20:02:12Z

‎Vesting

2023-08-30T18:34:47Z

‎Spousal Joinder Requirements/Homestead

2020-05-10T23:38:08Z

‎Mortgage/Transfer Tax

2018-10-02T18:56:23Z

‎Time Limitations

2015-12-10T21:08:29Z

‎Time Limitations

2015-12-10T21:07:10Z

‎Time Limitations

2015-09-08T16:52:50Z

‎Time Limitations

2015-04-29T17:48:46Z

‎Spousal Joinder Requirements/Homestead

2015-01-19T21:23:18Z

‎Time Limitations

2014-12-12T18:24:38Z

@@ Line 21: / Line 21: @@
 ==Vesting==
+Community Property with right of survivorship
 ==Property Tax ==

← Older revision		Revision as of 18:34, 30 August 2023
Line 36:		Line 36:

	Joinder by non-title spouse not required by law. However Arizona is a community property state.		Joinder by non-title spouse not required by law. However Arizona is a community property state.
		+
		+	Arizona law provides for a $250,000 homestead exemption from forced sales. [https://www.azleg.gov/ars/33/01101.htm ARS 33-1101] and provides a mechanism for clearing judgments and other liens in contravention of the exemption, sometimes by notice, sometimes by action of the title company. [https://www.azleg.gov/ars/33/00964.htm ARS 33-964]. Strict compliance with those mechanisms is required and documentation must be maintained in the closing file.

	==Power Of Attorney==		==Power Of Attorney==

← Older revision		Revision as of 23:38, 10 May 2020
Line 28:		Line 28:
	==Mortgage/Transfer Tax==		==Mortgage/Transfer Tax==

		+
		+	==Purchase Money Mortgage==
		+
		+	Priority of purchase money mortgage is statutorily recognized. [https://codes.findlaw.com/az/title-33-property/az-rev-st-sect-33-705.html § 33-705]

	==Spousal Joinder Requirements/Homestead==		==Spousal Joinder Requirements/Homestead==

@@ Line 74: / Line 74: @@
 *Financing Statements	5 years
-*Mortgages
+*Mortgages	A Mortgage or Deed of Trust may be consider satisfied after 10 years after the maturity date shown on the recorded Mortgage or Deed of Trust or 50 years form the date of recording if no maturity date is shown on the recorded instrument. A.R.S. 33-714.
 *HOA Liens	2 years

@@ Line 52: / Line 52: @@
 *US Judgment Liens	20 years, renewable for 20 years
-*State Court Judgment Liens	5 years s. 12-1551 unless renewed by affidavit or process per s. 12-1612.   5 year limit does not apply to:
+*State Court Judgment Liens	5 years unless renewed by affidavit or process per s. 12-1612.    Governing statute is 12-1551
 **Criminal Restitution Orders per 13-805,
 **Child support, Spousal maintenance & related orders

@@ Line 64: / Line 64: @@
 *State Inheritance Tax Liens
-*Mechanics Liens	6 months, if no law suit filed
+*Mechanics Liens;   Time for filing lien: 120 day following completion of structure of improvements-"Completion"=30 days after final inspection or cessation of labor	A.R.S. 33-993
 *Financing Statements	5 years

@@ Line 31: / Line 31: @@
 ==Spousal Joinder Requirements/Homestead==
-Joinder by non-title spouse not required by law.
+Joinder by non-title spouse not required by law.  However Arizona is a community property state.
 ==Power Of Attorney==

← Older revision		Revision as of 21:23, 19 January 2015
Line 53:		Line 53:

	*State Court Judgment Liens 5 years		*State Court Judgment Liens 5 years
		+
		+	*Child Support notice of deficiency -- Defense 10 years after emancipation of the youngest child (18, marriage, death) A.R.S. § 25-503(J)

	*Federal Tax Liens 10 years (+30 days); can be refiled		*Federal Tax Liens 10 years (+30 days); can be refiled

@@ Line 1: / Line 1: @@
 ==Vesting==
@@ Line 53: / Line 74: @@
 ==Odd Stuff==
 *Title insurer has statutory authority to release subject to the requirements in A.R.S. 33-707.