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A New Mexico special warranty deed is a legal document used to convey real estate in New Mexico. The deed must include the name of the grantor and the grantee as well as a legal description of the property. The deed must be recorded with the county clerk's office in the county where the property is located.
The seller (or grantor) who signs a New Mexico warranty deed guarantees that the new owner will receive legal ownership of the property, free of any liens or other third-party interests (except as specifically disclosed in the deed).
A warranty deed comes with a guarantee from the grantor, or seller, that the grantor owns the property outright, the grantor has the legal authority to sell the property, and there are no other claims against the property other than what is disclosed (such as easements, restrictions, etc.).
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.
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.
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 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.
How to Write (1) Authorized New Mexico Filing Recipient. ... (2) New Mexico Grantor Name. ... (3) New Mexico Grantee Name. ... (4) New Mexico County Of Real Property. ... (5) Legal Description Of New Mexico Property. ... (6) Relevant Years. ... (7) Date Of New Mexico Conveyance. ... (8) New Mexico Grantor Signature.