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New Mexico Interspousal Transfer Deed - Individual to Individual

State:
New Mexico
Control #:
NM-026-77
Format:
Word; 
Rich Text
Instant download

Description

This form is a Quitclaim Deed used as an Interspousal Transfer Deed from individual to individual. Grantor conveys and quitclaims the described property to Grantee. This deed complies with all state statutory laws.

New Mexico Interspousal Transfer Deed — Individual to Individual is a deed used for real estate transfers between spouses in the state of New Mexico. This deed allows one spouse to transfer their interest in real estate to another spouse. The deed needs to be signed and notarized by both spouses in order to be valid. There are two types of New Mexico Interspousal Transfer Deeds — Individual to Individual: a warranty deed and a quitclaim deed. The warranty deed contains covenants ensuring the title is free from encumbrances and that the transferor has the right to transfer the property. The quitclaim deed is used to transfer ownership with no warranties about the title.

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FAQ

Quitclaim deeds, therefore, are commonly used to transfer property within a family, such as from a parent to an adult child, between siblings, or when a property owner gets married and wants to add their spouse to the title. Married couples who own a home together and later divorce also use quitclaim deeds.

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.

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.

A New Mexico quit claim deed is a legal form that can be used to convey real property, or land and buildings, from a seller (grantor) to a buyer (grantee). 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.

Trust- You can have an attorney create a trust and then deed the property to the trust and make your adult child or whomever you chose the beneficiary of the trust upon your death. For minor children this is the best legal option.

A. The grantee beneficiary takes a certified copy of the owner's death certificate to the county clerk's office to be recorded. This completes the trans- fer. Title is transferred without having to open a probate proceeding.

An interspousal transfer deed, more technically called an interspousal transfer grant deed, is a legal document used to give sole ownership of shared property, such as a house, to one person in a marriage. They are commonly employed in divorce cases to transfer community property to one spouse.

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New Mexico Interspousal Transfer Deed - Individual to Individual