Arizona uses which security instrument?

Mortgages are not Arizona's primary security instrument. While mortgages exist in Arizona, they require judicial foreclosure, making them less efficient than deeds of trust for lenders. Arizona law favors deeds of trust for their streamlined foreclosure process.

Land contracts are installment sales contracts where the seller retains legal title until the buyer pays in full. They are not Arizona's standard security instrument for traditional financing and represent a different approach to real estate ownership transfer.

Arizona absolutely uses security instruments in real estate transactions. The use of security instruments is fundamental to real estate financing nationwide, and Arizona specifically uses deeds of trust to secure mortgage loans.