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A quitclaim is different from a warranty deed because it comes with no guarantee. Instead, the grantor is only selling whatever interest he may own in the property. He is ?quitting his claim?. These types of deeds are often used between close family members or partner companies.
A real estate deed must be in writing, signed by the grantor, and acknowledged by the grantor. In New Mexico, a deed can be in the form of a statutory conveyance, the forms for which are provided in NMSA 47-1-44.
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.
Unlike warranty deeds, quitclaim deeds offer zero buyer protection. Much like the accidental misspelling of quitclaim as quick claim, a quitclaim deed document is a fast way to transfer real estate title from one owner to another. The way a quitclaim deed works is that this type of transfer makes no seller guarantees.
The Inspection of Public Records Act (IPRA) is a New Mexico state law that provides the public and media access to public information. The law requires open access to almost all public records in state and local government, with few exceptions.
A New Mexico quitclaim deed form provides no warranty of title at all. With a quitclaim deed, the seller is simply transferring whatever interest they have in the property to the buyer without making any guarantees about the title.
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.
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.