New Mexico Lien and Tax Search Checklist: A Comprehensive Guide for Property Owners Introduction: A New Mexico lien and tax search checklist is an essential tool for property owners, buyers, or sellers who want to thoroughly investigate any potential liens or outstanding taxes on a property in the state of New Mexico. Conducting a thorough lien and tax search is crucial to ensure a smooth and legally sound real estate transaction. This checklist serves as a step-by-step guide to help property owners navigate the complexities of the process, ensuring that all necessary precautions are taken. Keywords: New Mexico, lien and tax search, checklist, property owners, buyers, sellers, outstanding taxes, real estate transaction, step-by-step guide, precautions. Types of New Mexico Lien and Tax Search Checklists: 1. New Mexico Real Estate Lien Search Checklist: This type of checklist focuses on researching property liens that may exist, including but not limited to mortgage liens, mechanic's liens, judgment liens, and tax liens. It provides property owners with a comprehensive list of steps to take to ensure all liens are identified and addressed before proceeding with any real estate transaction. Keywords: New Mexico, real estate lien search, property liens, mortgage, mechanic's liens, judgment liens, tax liens, steps, real estate transactions. 2. New Mexico Tax Search Checklist: This checklist specifically caters to property owners or potential buyers interested in conducting a comprehensive search for any outstanding property taxes on a particular property in New Mexico. It outlines the necessary steps to uncover information regarding property tax payments, delinquencies, penalties, and other related information. Keywords: New Mexico, tax search, property owners, buyers, outstanding taxes, property tax payments, delinquencies, penalties, information. 3. New Mexico Lien Release Search Checklist: This type of checklist is specifically designed for property owners who want to ensure that all previously recorded liens on their property have been properly released or satisfied. It provides a systematic approach to verifying if any existing liens have been addressed or cleared, giving property owners peace of mind during real estate transactions. Keywords: New Mexico, lien release search, property owners, recorded liens, released, satisfied, systematic approach, peace of mind, real estate transactions. Conclusion: A New Mexico lien and tax search checklist is an invaluable resource for property owners, buyers, or sellers looking to conduct a thorough investigation into any potential liens or outstanding taxes on a property. By following the step-by-step guide outlined in the checklist, property owners can ensure a smooth and legally secure real estate transaction. Whether it is researching property liens, outstanding taxes, or verifying lien releases, these checklists serve as a comprehensive tool to protect the interests of property owners in New Mexico. Keywords: New Mexico, lien and tax search checklist, property owners, buyers, sellers, investigation, potential liens, outstanding taxes, step-by-step guide, smooth real estate transaction, legally secure, researching property liens, verifying lien releases, comprehensive tool, protect interests.
New Mexico Lien and Tax Search Checklist
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How to fill out Lien And Tax Search Checklist?
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NEW MEXICO A judgment is a lien on the real estate of the judgment debtor and expires after fourteen years. N.M. Stat. § 39-1-6.
Lien. When any person neglects or refuses to pay taxes after assessment and demand for payment has been made, a lien automatically exists, and we may file a notice of the lien in favor of the state on all taxpayer property under Section 7-1-37 NMSA 1978.
The lien must be signed and verified under oath (notarized). Once completed, a lien should be filed and recorded with the county recorder's office in the county where the property is located. You are not required to serve the lien upon the property owner, as filing the lien is considered sufficient notice under NM law.
A property search, or title search is performed by the buyer in order to find out the transaction history of the property and to find any hidden transfers of interest or other encumbrances. In New Mexico, you have to go to the County Clerk in the county where the property is located in order to perform a title search.
Quick Reference Guide: Type of LienStatute of LimitationsStatute/RuleNew Mexico State Tax Lien10 years from date of recording§ 7-1-39 NMSA 1978Nonconsensual Common Law LiensNot enforceable, but a cloud on title; no applicable limitations period§ 48-1A-5 NMSA 1978Statutory Unitization LienNone§ 7-7-14 NMSA 197823 more rows
The lien must be signed and verified under oath (notarized). Once completed, a lien should be filed and recorded with the county recorder's office in the county where the property is located. You are not required to serve the lien upon the property owner, as filing the lien is considered sufficient notice under NM law.
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.
A New Mexico quitclaim deed swiftly transfers property ownership but lacks title guarantees. Unlike a warranty deed, it's based on trust between parties.
