Mark Required Fields In Legal New Mexico Personal Planning Forms For Free

A New Mexico property owner can transfer title to real estate by signing and recording a written deed. A New Mexico quitclaim deed transfers all the signer's rights or interests in the property with no warranty of title. The new owner receives whatever title the current owner can legally transfer.

Due to this, quitclaim deeds typically are not used in situations where the property involved has an outstanding mortgage. After all, it would be difficult for many grantors to pay off a mortgage without proceeds from the sale of the property.

In real estate, a grantee is the recipient of the property, and the grantor is a person that transfers ownership rights of a property to another person. However, the specifics of their transaction may vary depending on the situation. The official documents they use, such as a deed, detail their obligations.

The specifications and restrictions for Living Wills are different by state; however, in New Mexico, neither witnesses nor notarization are legally required. That said, both are recommended to help reinforce the legitimacy of your document.

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 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.