Special Warranty Deed Individual to Two Individuals New Mexico Form
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People also ask
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What are the disadvantages of a special warranty deed?
Cons: Fewer protections for buyers, who are now responsible for addressing any previous liens or claims for the property. Lenders and title companies may refuse to help buyers secure financing or title insurance for a property sold under special warranty.
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What is a special warranty deed in New Mexico?
A New Mexico special warranty deed is used to convey real estate in New Mexico. This type of deed includes a guarantee from the grantor that there are no hidden interests or encumbrances on the property that arose while he or she owned the property.
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What is a quitclaim deed in New Mexico?
A quitclaim deed is a legal document that transfers property from one person (the grantor) to another (the grantee). It does not guarantee the grantor's ownership rights. Unlike warranty deeds, it doesn't promise anything about the property's title or the grantor's rights.
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How do I transfer a deed in New Mexico?
A deed transferring New Mexico real estate must be filed with the county clerk for the county where the real estate is located. New Mexico charges a flat fee of $25.00, payable to the county clerk, to record a deed.
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How much does it cost to transfer a deed in New Mexico?
ing to N.M. Stat. § 14-8-15, anyone filing a quitclaim deed in New Mexico can expect to pay a $25 fee.
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How to fill out a warranty deed in New Mexico?
How to fill out a New Mexico warranty deed: Obtain a blank New Mexico warranty deed form. ... Begin by filling in the names of the grantor (current owner) and the grantee (new owner) in the appropriate spaces provided. Include the legal description of the property being transferred.
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How to transfer a warranty deed in New Mexico?
How do I transfer a warranty deed in New Mexico? New Mexico law requires Form RPTDA when a deed transfers residential real estate to a new owner. A completed Form RPTDA must be signed by the current owner, new owner, or authorized agent and filed with the county assessor within 30 days after the deed is recorded.
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What is a special warranty deed in New Mexico?
A New Mexico special warranty deed is used to convey real estate in New Mexico. This type of deed includes a guarantee from the grantor that there are no hidden interests or encumbrances on the property that arose while he or she owned the property.
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