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Maricopa County Assessors Office Internal Policy and Procedures Title: Policy on Common Area ValuationsNumber: ADEI72520140545Policy Category: Establishing Full Cash Value RD Common Predate: 7/25/2014Initiating
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01
Step 1: Gather all necessary documents such as property deed, survey reports, and any relevant legal documents.
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Step 2: Review the requirements and guidelines provided by your title insurance company or underwriter.
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Step 3: Start filling out the title policy form by entering the property address, legal description, and any other requested property information.
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Step 4: Provide details about the borrower, including their full name, contact information, and any other required personal information.
05
Step 5: Fill in the loan amount, interest rate, and any other financial details related to the transaction.
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Step 6: Answer all questions regarding the property's ownership history, liens, encumbrances, and any known defects.
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Step 7: Attach any supporting documents, such as previous title insurance policies or relevant court documents.
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Step 8: Review the completed title policy form for accuracy and completeness.
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Step 9: Sign and date the form, and make sure all required parties also sign and date.
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Step 10: Submit the filled-out title policy form to your title insurance company or underwriter for processing.

Who needs title policy on common?

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Buyers of real estate properties need title policy on common.
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Lenders providing mortgage loans for real estate transactions also require title policy on common.
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Real estate investors and developers often obtain title policies to protect their investments.
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Property owners who want to ensure clear ownership and protect against potential legal claims should consider title policy on common.
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Title policy on common may also be required for refinancing existing mortgages on real estate properties.
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Title policy on common refers to the legal document that outlines the ownership history of a shared/common property.
The property owner or the association responsible for maintaining the common property is required to file the title policy on common.
To fill out the title policy on common, one must gather all relevant ownership documents and fill in the required information accurately.
The purpose of title policy on common is to establish and verify ownership of the shared/common property.
The title policy on common must report the current owner of the property, any liens or encumbrances on the property, and the ownership history.
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