Property Title Searches in Arizona (AZ)

Arizona is the sixth largest state in the U.S. by land area, with a vibrant population of nearly 7.5 million residents. Its capital, Phoenix, is not only the largest city in the state but also a major economic hub. Known for its scorching summer temperatures that can soar up to 120 degrees, Arizona attracts tourists year-round with its dry, mild winters and breathtaking landmarks like the Grand Canyon.

What Does a Property Title Search in Arizona Include?

When buying or investing in real estate in Arizona, whether residential or commercial, a comprehensive property title search is crucial. A typical title search will reveal key details such as:

• Tax and Assessment Information: Based on the property's parcel number, this shows current and past taxes and any assessments due.
• Title Deeds: Verifies the legal ownership of the property and tracks the history of transfers.
• Open Mortgages and Related Documents: Includes data on any outstanding mortgages, including details on foreclosure if applicable.
• Active Judgments and Liens: Uncovers any existing judgments or liens recorded in the county’s property records that could impact ownership or property value.

How Much Does an Arizona Property Title Search Cost?

Here's a breakdown of typical costs for various types of property title searches in Arizona:

Type of Search	Cost
O&E Report (Residential)	$87.95
Two Owner Search (Residential)	$137.95
30-Year Search (Residential)	$175.00
Title Update	$35.00
Chain of Title Search	$75.00
Commercial O&E Report	$250.00

Price depends on the county; lowest price shown. Prices are subject to change.

Tips for Choosing the Right Arizona Property Title Search Provider

Selecting a reliable title search provider is key to ensuring a smooth transaction:

• Verify Insurance Coverage: The company should have Errors and Omissions insurance of at least one million dollars.
• Check Experience and References: Look for a provider with years of experience and a good reputation.
• Consult on Specific Needs: Discuss your specific requirements to ensure the right type of title search is performed.
• Confirm Local Presence: Ensure that the company is locally based and not represented by an offshore entity.

Understanding the Trustee Sale Guarantee (TSG) in Arizona

A Trustee Sale Guarantee (TSG) is an important document in Arizona's non-judicial foreclosure process. This guarantee is used when a Trustor defaults on their loan, allowing the lender to proceed with foreclosure without court involvement. The TSG includes:

• Legal description and title vesting information
• Details of all recorded mortgages or deeds of trust
• A list of encumbrances and liens
• Status of property taxes and any bankruptcies
• Names and addresses of all parties needing notice of foreclosure
• Information on approved newspapers for foreclosure notices
• Location details of the city or judicial district

The Importance of Title Insurance in Arizona Real Estate

While not legally required, title insurance is highly recommended for anyone purchasing property in Arizona. This insurance protects buyers and lenders from any unforeseen claims or liens that may arise after closing. With Arizona's unique real estate landscape, where issues such as unknown heirs, prior forgery, or hidden easements could surface, title insurance provides peace of mind and financial security.

Arizona Counties Covered for Title Searches

Title search services are available in all counties across Arizona, including:

• Apache
• Cochise
• Coconino
• Gila
• Graham
• Greenlee
• La Paz
• Maricopa
• Mohave
• Navajo
• Pima
• Pinal
• Santa Cruz
• Yavapai and Yuma

Frequently Asked Questions
from Customers in Arizona

What services does an Arizona title search company provide?

An Arizona title search company conducts thorough examinations of public records to verify property ownership, check for any existing liens or encumbrances, and identify potential issues that could affect the property's transfer of ownership. They also prepare detailed title reports and offer title insurance to protect buyers and lenders from unforeseen claims.

How long does it take to receive a title search in Arizona?

A residential property title search typically takes 24-48 business hours, while a commercial property search can take up to 72 business hours.

Is title insurance necessary when purchasing a property in Arizona?

While not mandatory, title insurance is strongly advised. It safeguards both the buyer and lender against future claims, liens, or encumbrances, providing essential protection in Arizona's dynamic real estate market.