Fill and Sign the Satisfaction of Mortgage New Mexico Form

When Recorded Mail to: ___________________________ ___________________________ ___________________________ ___________________________ __________________________________________________________________________________________ DEED OF TRUST __________________________________________________________________________________________ Effective Date County and State __________________________________________________________________________________________ TRUSTOR BENEFICIARY ( Name, Address & Zip Code) ( Name, Address and Zip Code) __________________________________________________________________________________________ TRUSTEE OBLIGATION SECURED ( Name, Address & Zip Code ) ( Indicate Number, Date, & All Parties ) Amount $ ________________________ __________________________________________________________________________________________ Real Property (Address or Location) __________________________________________________________________________________________ Real Property ( Legal Description ) __________________________________________________________________________________________
? to establish a real estate lien there must be a record of the land sale. In most states, this is done by filing the deed with the county courthouse. If you want a real estate lien in a name other than your own, please obtain a notarized (signed) affidavit from a trusted party stating that he has no interest or relationship with you that is going to impair your right to recover a deficiency judgment. If you are an individual holding a certificate of title, you will also be required to file a certificate of claim with your county or state registry office as well as a certificate of interest. In most cases, it is a good idea to also obtain an affidavit stating that you will be the real party in interest for payment of the debt. After you register a title, follow the steps below to collect the money. If you are the seller/lien holder, follow these steps to obtain or cancel the lien in your name. Note: in some states, it is recommended that you wait until a deficiency judgment has been obtained before collecting the debt. In some states, it is recommended you pay off your lender in full before initiating collection (even if you would rather avoid doing this). In these states, the lender has the advantage of first lien status. You cannot collect the full amount of your deficiency for collection once the court gives you the lien in your name. You can use this strategy when you have already reached your deficiency judgment. The court will hold you liable for only the remaining balance. The lender can collect only 100 percent of the remaining debt. Collect the deficiency from your lender. File a complaint with a circuit court. Lien holders are responsible for paying the entire deficiency to the court, but you can collect the deficiency only in the court record. If