View single post by long time resident
 Posted: Sun Aug 21st, 2016 03:49 am
PM Quote Reply Full Topic
long time resident

 

Joined: Thu Oct 27th, 2005
Location:  
Posts: 1121
Status: 
Offline
Mana: 
Frankie, A property in the state of Arizona is not recorded until all monies have been received for the sale of the property., and all funds have been dispersed. At the time of recordation, the keys are given to the buyer. This usually takes place in the same day, if the closing is in the morning. Recordation of a title can not be done after 4 in the afternoon. Many times it is electronic, depending on which escrow/ title company you use.

I know of a property in the ranchitos that was given a certificate of no liens, (property had been in a bank trust for over 12 years) the notario transferred the title with the bank (Banamex) and when they went to registered the property a very old lien suddenly appeared in the old books, from a company that had not existed for over 2 decades, and the bank had given a trust in the beginning, and signed a transfer, and then suddenly there is this old lien. It was a mess. It happens.

Last edited on Sun Aug 21st, 2016 03:51 am by long time resident