A warranty deed is a legal document that transfers ownership of a property from an individual to a husband and wife in Albuquerque, New Mexico. It guarantees that the seller (granter) holds clear title to the property and warrants that there are no undisclosed liens or encumbrances. This type of deed provides maximum protection to the buyer (grantee) against any future claims to the property's title. In Albuquerque, New Mexico, there are two commonly used types of warranty deeds from an individual to a husband and wife: 1. General Warranty Deed: This type of deed guarantees the highest level of protection to the buyer. It assures that the granter will defend the title against any claims or defects that may arise before or during their ownership. This deed also provides the grantee with the right to sue the granter if any issues arise concerning the title. 2. Special Warranty Deed: While a special warranty deed also guarantees the granter's ownership of the property, it only provides limited protection to the grantee. The granter assures that they have not caused any defects on the title, but they do not take responsibility for any issues that existed before their ownership. This type of deed is often used when the granter acquired the property through an inheritance or a foreclosure sale. In both cases, the warranty deed from an individual to a husband and wife in Albuquerque, New Mexico signifies a legally binding transfer of property ownership, offering protection and assurance to the grantee. It is essential to consult with a qualified real estate attorney or title company during the transaction to ensure a smooth transfer of the property and to address any legal concerns.
Albuquerque New Mexico Warranty Deed from Individual to Husband and Wife
State:
New Mexico
City:
Albuquerque
Control #:
NM-01-78
Format:
Word;
Rich Text
Instant download
Description
This Warranty Deed from Individual to Husband and Wife form is a Warranty Deed where the Grantor is an individual 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 legal document that transfers ownership of a property from an individual to a husband and wife in Albuquerque, New Mexico. It guarantees that the seller (granter) holds clear title to the property and warrants that there are no undisclosed liens or encumbrances. This type of deed provides maximum protection to the buyer (grantee) against any future claims to the property's title. In Albuquerque, New Mexico, there are two commonly used types of warranty deeds from an individual to a husband and wife: 1. General Warranty Deed: This type of deed guarantees the highest level of protection to the buyer. It assures that the granter will defend the title against any claims or defects that may arise before or during their ownership. This deed also provides the grantee with the right to sue the granter if any issues arise concerning the title. 2. Special Warranty Deed: While a special warranty deed also guarantees the granter's ownership of the property, it only provides limited protection to the grantee. The granter assures that they have not caused any defects on the title, but they do not take responsibility for any issues that existed before their ownership. This type of deed is often used when the granter acquired the property through an inheritance or a foreclosure sale. In both cases, the warranty deed from an individual to a husband and wife in Albuquerque, New Mexico signifies a legally binding transfer of property ownership, offering protection and assurance to the grantee. It is essential to consult with a qualified real estate attorney or title company during the transaction to ensure a smooth transfer of the property and to address any legal concerns.
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