This form is a Warranty Deed where the grantors are two individuals and the grantees are two individuals. Grantors convey and warrant the described property to the grantees. The grantees will hold the property as tenants in common or as joint tenants with the right of survivorship. This deed complies with all state laws.
Albuquerque New Mexico Warranty Deed - Two Individuals to Two Individuals
Category:
State:
New Mexico
City:
Albuquerque
Control #:
NM-023-78
Format:
Word;
Rich Text
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Description
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FAQ
A PR appointed informally by the Probate or District Court has legal authority to sell real property and to transfer title to it via a ?Personal Representative's Deed? from the estate to the new owner(s). It is the PR's job to have this deed prepared, signed, acknowledged before a notary public, and properly 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.
B. The general warranty deed provides the buyer with the greatest protection. A bargain and sale deed carries no warranties against liens or other encumbrances, but assures that the grantor has the right to sell or convey the property.
The buyer, or grantee, of a property benefits the most from obtaining a warranty deed. Through the recording of a warranty deed, the seller is providing assurances to the buyer should anything unexpected happen.
A New Mexico special warranty deed is a legal document used to convey real estate in New Mexico. The deed must include the name of the grantor and the grantee as well as a legal description of the property. The deed must be recorded with the county clerk's office in the county where the property is located.
The seller or lender, also known as the grantor, and the buyer or the grantee are the two parties involved in a warranty contract.
A Warranty Deed is the best of the best. It protects you from all future and past issues with property title and any outstanding debts or liens.
12. Who benefits the most from recording a warranty deed? D. Explanation: The grantee is the one who has acquired an interest in the land, and she is the one who benefits the most from recording the deed to provide constructive (legal) notice of that interest.
A warranty deed must be notarized and filed with the city or county records office of its location and delivered to the grantee at closing. All deed transfers of New Mexico property also require a Real Property Transfer Declaration Affidavit, detailing the sales transaction.
General warranty deed: A general warranty deed is the most common type of deed used to transfer fee simple ownership of a property. Unlike a quitclaim deed, a general warranty deed does confirm a grantor's ownership and a legal right to sell.