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Lady bird deeds work like life estate deeds except that the property owner reserves the right to sell, mortgage, or otherwise transfer the property during the owner's life. Lady bird deeds are not used in New Mexico, but the same purpose can be accomplished through a transfer-on-death deed or a deed to a living trust.
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.
What Is a New Mexico Quitclaim Deed Form? 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.
Mortgage States and Deed of Trust States StateMortgage StateDeed of Trust StateNevadaYNew HampshireYNew JerseyYNew MexicoY47 more rows
Mortgage States and Deed of Trust States StateMortgage StateDeed of Trust StateNevadaYNew HampshireYNew JerseyYNew MexicoY47 more rows
A New Mexico deed of trust assigns a real estate title to a trustee to keep until a loan has been repaid from the owner of the property (the ?borrower?) to the provider of the loan (the ?lender?).
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.
A New Mexico deed of trust assigns a real estate title to a trustee to keep until a loan has been repaid from the owner of the property (the ?borrower?) to the provider of the loan (the ?lender?).