Albuquerque New Mexico Warranty Deed from Corporation to Husband and Wife

• Category: New Mexico Real Estate - Deeds - Warranty
• State: New Mexico
• Control #: NM-010-78
• Format: Word; Rich Text

Description

This Warranty Deed from Corporation to Husband and Wife form is a Warranty Deed where the Grantor is a corporation and the Grantees are husband and wife. Grantor conveys and warrants the described property to Grantees less and except all oil, gas and minerals, on and under the property owned by Grantor, if any, which are reserved by Grantor. This deed complies with all applicable state statutory laws. A warranty deed is a crucial legal document for transferring ownership of real estate properties from a corporation to a husband and wife in Albuquerque, New Mexico. This comprehensive description will provide an overview of the key elements and types of warranty deeds related to this specific transaction. In Albuquerque, New Mexico, a warranty deed carries a warranty of title, assuring that the property being transferred is free and clear from any past claims, liens, or encumbrances. This deed is typically used when a corporation, acting as the granter, conveys ownership to a married couple, acting as the grantees. Types of Albuquerque New Mexico Warranty Deed from Corporation to Husband and Wife: 1. General Warranty Deed: A general warranty deed offers the highest level of protection to the buyer (husband and wife). By accepting this deed, the granter guarantees a clear title and assures that they are the rightful owners of the property. Additionally, the granter agrees to defend the buyers against any legal claims or demands related to past issues. 2. Special Warranty Deed: This type of warranty deed is similar to a general warranty deed but provides protection only against claims or encumbrances originating during the granter's ownership. It does not offer protection for any previous issues that might have existed before the granter's ownership. 3. Limited Warranty Deed: A limited warranty deed, also known as a statutory warranty deed, offers a middle ground between a general warranty deed and a special warranty deed. With this type of deed, the granter guarantees a clear title, but only against any claims or encumbrances arising during their period of ownership. Any issues preceding the granter's ownership are not the granter's responsibility. 4. Quitclaim Deed: Although not strictly a warranty deed, a quitclaim deed may also be used to transfer property ownership from a corporation to a husband and wife in Albuquerque. However, it does not provide any warranties or guarantees related to the property's ownership, title, or liens. Instead, it simply transfers the rights and interests the granter holds, if any, without any assurance. In conclusion, when a corporation transfers property ownership to a husband and wife in Albuquerque, New Mexico, a warranty deed is typically used. The deed can be a general warranty deed, special warranty deed, limited warranty deed, or, in some cases, a quitclaim deed. Selecting the appropriate type of warranty deed ensures the grantees receive the desired level of protection and guarantees for their new property.

A warranty deed is a crucial legal document for transferring ownership of real estate properties from a corporation to a husband and wife in Albuquerque, New Mexico. This comprehensive description will provide an overview of the key elements and types of warranty deeds related to this specific transaction. In Albuquerque, New Mexico, a warranty deed carries a warranty of title, assuring that the property being transferred is free and clear from any past claims, liens, or encumbrances. This deed is typically used when a corporation, acting as the granter, conveys ownership to a married couple, acting as the grantees. Types of Albuquerque New Mexico Warranty Deed from Corporation to Husband and Wife: 1. General Warranty Deed: A general warranty deed offers the highest level of protection to the buyer (husband and wife). By accepting this deed, the granter guarantees a clear title and assures that they are the rightful owners of the property. Additionally, the granter agrees to defend the buyers against any legal claims or demands related to past issues. 2. Special Warranty Deed: This type of warranty deed is similar to a general warranty deed but provides protection only against claims or encumbrances originating during the granter's ownership. It does not offer protection for any previous issues that might have existed before the granter's ownership. 3. Limited Warranty Deed: A limited warranty deed, also known as a statutory warranty deed, offers a middle ground between a general warranty deed and a special warranty deed. With this type of deed, the granter guarantees a clear title, but only against any claims or encumbrances arising during their period of ownership. Any issues preceding the granter's ownership are not the granter's responsibility. 4. Quitclaim Deed: Although not strictly a warranty deed, a quitclaim deed may also be used to transfer property ownership from a corporation to a husband and wife in Albuquerque. However, it does not provide any warranties or guarantees related to the property's ownership, title, or liens. Instead, it simply transfers the rights and interests the granter holds, if any, without any assurance. In conclusion, when a corporation transfers property ownership to a husband and wife in Albuquerque, New Mexico, a warranty deed is typically used. The deed can be a general warranty deed, special warranty deed, limited warranty deed, or, in some cases, a quitclaim deed. Selecting the appropriate type of warranty deed ensures the grantees receive the desired level of protection and guarantees for their new property.