How does owning real estate work in Arizona?

How does owning real estate work in Arizona?

Each spouse may provide by will for the disposition of his or her community interest in the community real property. However, Arizona community property law requires both spouses to join in a conveyance or encumbrance of community real property.

What is community property law in Arizona and why does it matter?

What is Community Property Law in Arizona and Why Does it Matter? Arizona is a community property state and community property law controls the division of all assets of your marital estate.

How is the real estate market in Arizona?

As we saw Arizona real estate market thriving & becoming sizzling hot in the past couple of years, even the rise in mortgage rates was believed not to affect it. Low-interest rates are helping boost but the inventory is sparse. High demand and low inventory have increased prices, which is a piece of good news if you plan on selling.

How to take title to property in Arizona?

Evidence of the intent of a married couple to hold title to real property as joint tenants with right of survivorship must be in writing so as to avoid the presumption of community property. Two or more persons may hold title to real property as tenants in common.

Do you need a tax ID to buy a house in Maricopa County AZ?

There are no exceptions, each investor (US citizens and Non-US citizens) is required to provide the correct Tax Identification Number so Maricopa County can report interest received by the certificate of purchase buyers. The IRS requires us to withhold a percentage of in the proceeds for non-compliance.

When do property tax liens go on sale in Arizona?

Property taxes that are delinquent at the end of December are added to any previously uncollected taxes on a parcel for the Tax Lien Sale. The sale takes place in February of each year online at https://maricopa.arizonataxsale.com.

Where can I get a Maricopa County Arizona lien?

All checks should be made payable to the Maricopa County Treasurer. Purchased information may not be copied, duplicated, reproduced or resold without written authority from the Maricopa County Treasurer’s Office. Additional copies are available from the Maricopa County Treasurer’s Office.

Where to get copies of Arizona Revised Statutes?

To obtain copies of Arizona Revised Statutes, you may visit the Maricopa County Law Library at 101 W Jefferson St, Phoenix AZ 1-602-506-3461 or check out A.L.I.S. (Arizona Legislative Information Services) . The Maricopa County Treasurer’s Office presents the information within this document as a service to the public.