WPC r,t~9(݌   Ќ  Cashier'sCheck..&D %X.X Obtainacashier'sorcertifiedcheckmadepayabletothetitlecompanyinthe   amountindicatedtoyoubyyourescrowofficeroryoumaychoosetowirefunds.Contactyourescrowofficertoobtainwireinstructions.Apersonalcheckmaydelaytheclosingsinceatitlecompanyisrequiredtohave"goodfunds"(checkhascleared)beforedisbursingfundsfromescrow.Similarly,anoutofstatecheckcouldcauseadelayinclosingduetodelaysinclearingthecheck..XX %.&D LendersRequirements..&D %X.X Makesureyouareawareofyourlender'srequirementsandthatyouhave  satisfiedthoserequirementsbeforeyoucometothetitlecompanytosignyourpapers.Yourloanofficercanassistyou..XX %.&D Hazard/FireInsurance..&D %X.X Besuretoorderyourhazard/fireinsuranceonceyourloanhasbeen , approved.Thencallyourescrowofficerwiththeinsuranceagent'snameandphonenumbersothatheorshecanmakesurethepolicycomplieswithyourlender'srequirements.Youmusthaveyourinsuranceinplacebeforethelenderwillsendmoneytothetitlecompany..XX %.&D Identification..&D %X.X Pleasebringavaliddriver'slicense,passportofpictureI.D.withyoutothetitle T company.Thisisneededsothatyouridentitycanbeverifiedbyanotarypublic.It'sroutine,butanecessarystepforyourprotection.<    XX  &E  . %.&D Aftersigningtheclosingdocuments&EyE݌ ,"| Ќ  " <   XX  "F  .XX.Whendoesthetransactionactually"close"?"FhF݌ h# Ќ       X     G  .&D %X.X Afteryouhavesignedallthenecessaryinstructionsanddocuments,theescrowofficerwillreturn r$ themtothelenderforafinalreview.Thisreviewusuallyoccurswithinafewdaysanduponcompletion,thelenderisreadytofundyourloanandadvisestheescrowofficer. GhG݌̌           H  UsuallytheDeedandtheDeedoftrustarerecordedwithinoneworkingdayoftheescrow'sreceiptofloanfunds.Thiscompletesthetransactionandsignifiesthe"closeofescrow."HQI݌̌  ,       ,IJ  . %.&D ,IJJ݌̌  HelpfulReminders    0 V    K  .&D %. ~ V Makesureyouareawareofyourlender'srequirementsandthatyouhavesatisfiedthose +>'% requirementsbeforeyoucometothetitlecompanytosignyourpapers.KlK݌ V"V" Ќ       0 V    L  ~ V Besuretoorderyourhazard/fireinsuranceonceyourloanhasbeenapproved.Thencallyour  /\*( escrowofficerwiththeinsuranceagent'snameandphonenumber.Youmusthaveyourinsurancein 0f+) placebeforeyourlenderwillsendtheclosingfundstothetitlecompany.LM݌ V"V" Ќ       0 V    N  ~ V You'llneedtobringacashier'schecktothetitlecompanyfortheremainderofthepurchaseprice.  Gettheexactamountofthebalanceduefromyourescrowofficerbytelephonebeforeyourappointmentforsigningthepapers.Thecheckshouldbemadepayabletothenameofthetitlecompany.NO݌ V"V" Ќ       0 V    P  ~ V Intheeventthatyouwishtotransferfundsfromanotherescroworwiretransferfunds,  F arrangementsmustbemadeinadvancewiththeescrowofficer.PQ݌ V"V" Ќ       0 V    0R  ~ V Pleasebringeitheryourvaliddriverslicense,passport,orpictureI.D.withyoutothetitlecompany. d  Thisisneededsothatyouridentitycanbeverifiedbythenotarypublic.It'sroutine,butanecessarystepforyourprotection.0RR݌ V"V" Ќ       0 V    T  ~ V Decidehowyouwishtoholdtitletoyounewhome.Youneedtomakethisdecisionpriortoyour < escrowappointment.Wesuggestyouconsultalawyer,taxconsultantorotherqualifiedprofessionalbeforeyoudecide.TlT݌ V"V" Ќ       0 V    U  ~ V Askyourbuilderwhenyourkeysforyournewhomewillbereleased.U(V݌dV"V" Ќ      X  V  . %.&D . !.TakingTitleinArizona#.!. mW#V-W݌ x Ќ  *    XX  *W  .XX.COMMUNITYPROPERTYWITHRIGHTOF.&D %X.XSURVIVORSHIP :Communityproperty  withrightofsurvivorshipisamethodofownershipbyhusbandandwifethatveststitleinthesurvivingspouseuponthedeathoneofthespouses.*WRX݌̌  *     XX  *Y  COMMUNITY.XX %.&DPROPERTY:.&D %X.X Arizonaisa#.XX %.&DgZ#.&D %X.Xcommunitypropertystate.Thereisastatuary & presumptionthatallpropertyacquiredbyhusbandandwifeiscommunityproperty.Communitypropertyisamethodofcoownershipformarriedpersonsonly.Upondeathofoneofthespouses,thedeceasedspouse'sinterestwillpassbyeitherawillorinterstatesuccession.#.XX %.&DZ#*YZ݌ !D Ќ  *     XX  *\  SOLEANDSEPARATE :.&D %X.XRealPropertyownedbyaspousebeforemarriageoranyacquiredafter $X marriagebygift,devise,descentorspecificintent.Ifamarriedpersonacquirestitleassoleandseparatepropertythespousemustexecuteeitheradisclaimerdeed#.XX %.&D]#Ԁ.&D %X.Xoraquitclaimdeed.*\\݌ &l!  Ќ  #.XX %.&DU^#*     XX  *^  JOINTTENANCYWITHRIGHTOF.&D %X.XSURVIVORSHIP :Anundividedinterestinproperty 0(#" takenbytwoormorejointtenants.Theinterestmustbeequal;occurringunderthesameconveyance,andbeginningatthesametime.Upondeathofajointtenant,theinterestpassestothesurvivingjointtenantortenants,ratherthantotheheirsofthedeceased.Ifamarriedcoupleacquirestitleasjointtenantswithrightofsurvivorship,theymustspecificallyacceptthejointtenancytoavoidthepresumptionofcommunityproperty*^9_݌̌  *     XX  *a  TENANCYINCOMMON :Amethodofcoownershipwherepartiesdonothavesurvivorshiprights v/*) andeachownsaspecificundividedinterestintheentiretitle.*ab݌ 0+* Ќ  *     XX  *c  CORPORATION :Anygroupofpeople"incorporating"byfollowingcertainstatutoryprocedures   maytaketitletorealpropertyinthenameofthecorporation.*cmc݌̌  *     XX  *ed  GENERALPARTNERSHIP :Titlemaybetakeninthenameofageneralpartnershipdulyformed ( underthelawsofthestateoftheformationofthepartnership.Apartnershipisdefinedasavoluntaryassociationoftwoormorepersonsascoownersinabusinessforprofit.*edd݌̌  *     XX  *!f  LIMITEDPARTNERSHIP :Apartnershipformedbytwoormorepersonsunderthelawsof  P Arizonaoranotherstateandhavingoneormoregeneralpartnersandoneormorelimitedpartners.AcertificateoflimitedpartnershipmustbefiledintheOfficeoftheSecretaryofState,acertifiedcopyofwhichmustberecorded.*!ftf݌̌  .) %.&D