Uniform Commercial Code Contract With Example

State:
Multi-State
Control #:
US-UCC1-AD
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Word; 
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Description

This form is a UCC Financing Statement Addendum for use in documenting personal property used as collateral for a loan. Available in Word and Adobe pdf format.

How to fill out UCC1-AD Financing Statement Addendum?

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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.

No state law requires the involvement of an attorney, abstractor or other special professional in any aspect of this process. Attorneys are infrequently involved in a typical residential transaction in either a representative or closing agent capacity.

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.

A deed transfers the title of an asset to a new owner, and it is usually recorded in the local county clerk's office. Recording is a way to protect title and ownership because it puts the public on constructive notice as to the buyer's ownership. In real estate transactions, a deed is usually delivered at closing.

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.

Signing Requirements § 47-1-44: a New Mexico quitclaim deed requires grantor(s) signature and notary acknowledgment. Recording Requirements § 14-9-1: The County Clerk records quitclaim deeds. File in property county with fees per § 14-8-15 ($25/document).

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.

Essential Elements of a Valid Deed Use of the proper statutory form of deed. Competent parties: grantor and grantee. Words of grant or operative words of conveyance. Sufficient description of the property to be conveyed. Proper execution. Delivery and acceptance.

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Uniform Commercial Code Contract With Example