A warranty deed is a legal document that transfers ownership of real estate property from a husband and wife to an individual in Albuquerque, New Mexico. This type of deed provides certain assurances to the buyer (individual), specifically guaranteeing that the property is free from any undisclosed encumbrances or claims against it. In Albuquerque, New Mexico, there are different types of warranty deeds that can be used in a transfer from husband and wife to an individual. 1. General Warranty Deed: This type of warranty deed provides the most extensive protection to the buyer. It guarantees that the seller (husband and wife) holds a clear and marketable title to the property, free of any encumbrances except those explicitly mentioned in the deed. The general warranty deed offers full protection against any claims arising from prior ownership or defects in the title. 2. Special Warranty Deed: Unlike the general warranty deed, the special warranty deed only offers limited protection to the buyer. It guarantees that the seller (husband and wife) holds a clear and marketable title to the property during their ownership tenure only. It does not provide protection against any claims that may arise from encumbrances or defects in the title that existed prior to the husband and wife's ownership. 3. Quitclaim Deed: While not necessarily a warranty deed, a quitclaim deed can be used in Albuquerque, New Mexico for the transfer of property from husband and wife to an individual. Unlike warranty deeds, a quitclaim deed does not guarantee the buyer a clear title or protection against any claims. It simply transfers the ownership interest of the husband and wife, if any, without making any warranties or representations about the property's title. Regardless of the type of warranty deed used in the transfer, it is crucial for buyers to conduct a thorough title search and consider purchasing title insurance to ensure the property's title is free from any hidden encumbrances or defects. This will provide additional protection and peace of mind for the individual acquiring the property from a husband and wife in Albuquerque, New Mexico.
Albuquerque New Mexico Warranty Deed from Husband and Wife to an Individual
State:
New Mexico
City:
Albuquerque
Control #:
NM-018-78
Format:
Word;
Rich Text
Instant download
Description
This form is a Warranty Deed where the grantors are husband and wife and the grantee is an individual. Grantors convey and warrant 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.
A warranty deed is a legal document that transfers ownership of real estate property from a husband and wife to an individual in Albuquerque, New Mexico. This type of deed provides certain assurances to the buyer (individual), specifically guaranteeing that the property is free from any undisclosed encumbrances or claims against it. In Albuquerque, New Mexico, there are different types of warranty deeds that can be used in a transfer from husband and wife to an individual. 1. General Warranty Deed: This type of warranty deed provides the most extensive protection to the buyer. It guarantees that the seller (husband and wife) holds a clear and marketable title to the property, free of any encumbrances except those explicitly mentioned in the deed. The general warranty deed offers full protection against any claims arising from prior ownership or defects in the title. 2. Special Warranty Deed: Unlike the general warranty deed, the special warranty deed only offers limited protection to the buyer. It guarantees that the seller (husband and wife) holds a clear and marketable title to the property during their ownership tenure only. It does not provide protection against any claims that may arise from encumbrances or defects in the title that existed prior to the husband and wife's ownership. 3. Quitclaim Deed: While not necessarily a warranty deed, a quitclaim deed can be used in Albuquerque, New Mexico for the transfer of property from husband and wife to an individual. Unlike warranty deeds, a quitclaim deed does not guarantee the buyer a clear title or protection against any claims. It simply transfers the ownership interest of the husband and wife, if any, without making any warranties or representations about the property's title. Regardless of the type of warranty deed used in the transfer, it is crucial for buyers to conduct a thorough title search and consider purchasing title insurance to ensure the property's title is free from any hidden encumbrances or defects. This will provide additional protection and peace of mind for the individual acquiring the property from a husband and wife in Albuquerque, New Mexico.
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