Las Cruces New Mexico Warranty Deed from Corporation to Husband and Wife is a legal document that signifies the transfer of property ownership rights from a corporation to a married couple. This type of warranty deed ensures that the corporation guarantees the property's title is clear and free from any undisclosed encumbrances, thereby safeguarding the interests of the buyers. In Las Cruces, New Mexico, there are a few different types of warranty deeds that can be utilized in a transfer of property ownership from a corporation to a husband and wife. Some notable variations include: 1. General Warranty Deed: This type of deed provides the highest level of protection to the buyers, as it not only guarantees the property's title against any encumbrances during the corporation's ownership but also offers protection against any issues that may have arisen prior to the corporation's ownership. 2. Special Warranty Deed: Unlike the general warranty deed, this type of deed only guarantees that the property was free from encumbrances during the corporation's ownership period. It does not offer protection against any issues that may have existed prior to the corporation's acquisition of the property. 3. Quitclaim Deed: This type of deed is often used when the corporation wants to transfer its interest in the property to a husband and wife without making any warranties or guarantees regarding the property's title. Essentially, the corporation relinquishes any claim it may have had on the property, without taking responsibility for any existing or future title issues. When considering such a transaction in Las Cruces, New Mexico, it is crucial for both the corporation and the husband and wife to engage the services of an experienced real estate attorney who can guide them through the process and ensure the legality and validity of the warranty deed.
Las Cruces New Mexico Warranty Deed from Corporation to Husband and Wife
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