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A New Mexico property owner can transfer title to real estate by signing and recording a written deed. A New Mexico quitclaim deed transfers all the signer's rights or interests in the property with no warranty of title. The new owner receives whatever title the current owner can legally transfer.
A New Mexico deed is used to legally convey real estate between parties in New Mexico. In order to transfer property, with a deed, you will need the names of the seller, or grantor, the names of the buyer, or grantee, the legal description of the property and an acknowledgment by a notary public.
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.
New MexicoTransfer on Death Deed (N.M. Stat. sections 45-6-401 through 45-6-417.) You must sign the deed and get your signature notarized, and then record (file) the deed with the county clerk's office before your death. Otherwise, it won't be valid.
What are some buyer disadvantages to using a contract for deed? Less protection, seller keeps title to the property, balloon payment, no first-time homebuyer programs, seller can sell to another party, additional buyer responsibilities (maintenance, taxes, etc.)
New Mexico quitclaim deed form. A special warranty deed provides a buyer less protection than a warranty deed and places less risk on the seller.
As provided by the New Mexico Supreme Court Order and the Case Access Policy for Online Court Records, there are three ways to access New Mexico public court records: Case Lookup for the general public. Secured Odyssey Public Access (SOPA) for registered users. re:Search®NM for registered users.
In New Mexico, you have to go to the County Clerk in the county where the property is located in order to perform a title search.
New Mexico Recorder Information In most cases deed documents are recorded in the county where the property is located. Statutory recording requirements for real estate deed documents: - Documents submitted for recording must be originals, which must be signed by all pertinent parties and notarized.
In New Mexico, transferring property requires a new deed to be filed with the county clerk's office to include the name of the grantor, grantee, a physical description of the property beyond just a street address, and notarization.