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New Mexico Quitclaim Deed - Individual to a Trust

Quit Claim Deed Form New Mexico

Name: New Mexico Quitclaim Deed - Individual to a Trust
Brand: US Legal Forms
Price: 59.00 USD
Rating: 4.58 (455 reviews)

Category:

New Mexico Real Estate - Deeds - Quitclaims

State:

New Mexico

Control #:

NM-024-77

Format:

Instant download

Description New Mexico Quit Claim Deed

This form is a Quitclaim Deed where the grantor is an individual and the grantee is a trust. Grantor conveys and quitclaims the described property to grantee. This deed complies with all state statutory laws.

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Quitclaim Deed Form Other Form Names

Quitclaim Deed New Mexico

FAQ

To use a Quitclaim Deed to add someone to a property deed or title, you would need to create a Quitclaim Deed and list all of the current owners in the grantor section. In the grantee section, you would list all of the current owners as well as the person you would like to add.

But you might be wondering if an owner can transfer a deed to another person without a real estate lawyer. The answer is yes. Parties to a transaction are always free to prepare their own deeds.A quitclaim deed, for example, is far simpler than a warranty deed.

If the lender accepts your offer of a Quit Claim, you sign a document called a Transfer of title to your lender. You and the lender both sign the Quit Claim. The Quit Claim states that you agree to transfer the ownership of your property to the lender and the lender agrees to release you from any debt owed.

Step 1 Write in the name of the grantor or seller. Step 2 Fill in the name and address of the grantee or buyer. Step 3 Specify the property information including county, lot, block and recording information. Step 4 Sign and date in the presence of a notary public.

Notary Public (Section 47-1-44) In New Mexico it must be signed with a Notary Public viewing the Grantor(s) signature(s). Recording A quit claim deed is required to be filed at the County Clerk's Office where the property is located along with the required recording fee(s).

A New Mexico quitclaim deed transfers property without any guarantees, including title guarantees or a guarantee that the seller (grantor) has the right to transfer the property. Because of the risk of a quitclaim deed in New Mexico, it is best done when both parties trust each other. An alternative is a warranty deed.

They are commonly used to add/remove someone to/from real estate title or deed (divorce, name changes, family and trust transfers). The quitclaim deed is a legal document (deed) used to transfer interest in real estate from one person or entity (grantor) to another (grantee).

To transfer ownership of a property a new deed must be filed with the County Clerk's Office before the name and address are changed in the Assessor's records. Once the Assessor's records are updated the Treasurer's Office will get the update in the new billing cycle.

Quit Claim Deed Form New Mexico

Description New Mexico Quit Claim Deed

New Mexico Quitclaim Deed Related forms

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Quit Claim Deed New Mexico Form Rating

Quit Claim Deed Nm Form popularity

Quitclaim Deed Form Other Form Names

FAQ

How do you put someone on a quit claim deed?

Can I prepare my own quit claim deed?

What is the purpose of a quit claim deed?

How do I fill out a warranty deed in New Mexico?

How do I file a quit claim deed in New Mexico?

What is a quitclaim deed New Mexico?

Is a quit claim deed a legal document?

How do I transfer property in New Mexico?

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