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Warranty Deed from Individual to a Trust New Mexico  Form

Warranty Deed from Individual to a Trust New Mexico Form

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Instructions and help about Warranty Deed From Individual To A Trust New Mexico

welcome to county office your ultimate guide to local government services and public records let's get started what is a warranty deed of trust a warranty deed of trust is a legal document used in real estate transactions it serves to transfer ownership of property from one party to another this deed includes specific assurances about the property the grantor or seller provides a warranty that they hold clear title to the property this means they have the legal right to sell it the warranty also guarantees that the property is free from any leans or incumbrances in many cases a warranty deed of trust is used in conjunction with a mortgage the property acts as collateral for the loan if the borrower defaults the lender can take possession of the property the deed is recorded in the local land records this public record protects the interests of the buyer it ensures that no other Claims can be made against the proper a warranty deed of trust differs from a quick claim deed a quic

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