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New Mexico Quitclaim Deed from Corporation to Corporation

New Mexico Quitclaim Deed from Corporation to Corporation

Name: New Mexico Quitclaim Deed from Corporation to Corporation
Brand: US Legal Forms
Price: 59.00 USD
Rating: 4.61 (391 reviews)

Category:

New Mexico Real Estate - Deeds - Quitclaims

State:

New Mexico

Control #:

NM-013-77

Format:

Instant download

Description

This Quitclaim Deed from Corporation to Corporation form is a Quitclaim Deed where the Grantor is a corporation and the Grantee is a corporation. Grantor conveys and quitclaims the described property to Grantee 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 state statutory laws.

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FAQ

If the quitclaim deed requires the signature of all co-owners, the deed is invalid unless all co-owners have signed it and the deed is then delivered to the grantee.If one individual owns real estate and desires to add a co-owner such as a spouse, a quitclaim deed might be used.

It's usually a very straightforward transaction, but it's possible for a quitclaim deed to be challenged. If a quitclaim deed is challenged in court, the issue becomes whether the property was legally transferred and if the grantor had the legal right to transfer the property.

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).

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).

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.

A Quitclaim Deed must be notarized by a notary public or attorney in order to be valid.Consideration in a Quitclaim Deed is what the Grantee will pay to the Grantor for the interest in the property.

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.

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.

New Mexico Quitclaim Deed from Corporation to Corporation

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FAQ

What makes a quit claim deed invalid?

Can a quit claim deed be contested?

Is a quit claim deed a legal document?

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

How do you put someone on a quit claim deed?

Do quit claim deeds need to be notarized?

Can I prepare my own quit claim deed?

What is a quitclaim deed New Mexico?

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New Mexico Quitclaim Deed from Corporation to Corporation

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