A Warranty Deed is a legal document used for the transfer of property ownership from a husband and wife to a corporation in Albuquerque, New Mexico. This type of deed provides an assurance, or warranty, that the property being transferred is free from any defects in title, encumbrances, or claims. In Albuquerque, there are two main types of Warranty Deeds from Husband and Wife to Corporation: 1. General Warranty Deed: This type of deed guarantees that the granters (husband and wife) have full authority to transfer the property, and that there are no other undisclosed claims or liens against the property. It ensures that the grantee (corporation) receives the property with clear title, protecting them from any future legal issues related to the property's ownership. 2. Special Warranty Deed: Unlike a General Warranty Deed, a Special Warranty Deed only guarantees that the granters have not caused any defects to the title during their ownership. It does not provide a warranty for any previous defects or claims that may have existed before the granters acquired the property. When preparing an Albuquerque New Mexico Warranty Deed from Husband and Wife to Corporation, it is important to include specific information and follow certain legal requirements. The deed should contain the names and contact information of the granters and grantees, a legal description of the property being transferred, the consideration (payment) for the transfer, and the signature of the granters. Keywords: Warranty Deed, Albuquerque, New Mexico, husband and wife, corporation, transfer of property ownership, defects in title, encumbrances, claims, General Warranty Deed, Special Warranty Deed, granters, grantees, legal description, consideration, signature.
Albuquerque New Mexico Warranty Deed from Husband and Wife to Corporation
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A New Mexico special warranty deed is a legal document used to convey real estate in New Mexico. The deed must include the name of the grantor and the grantee as well as a legal description of the property. The deed must be recorded with the county clerk's office in the county where the property is located.
A warranty deed must be notarized and filed with the city or county records office of its location and delivered to the grantee at closing. All deed transfers of New Mexico property also require a Real Property Transfer Declaration Affidavit, detailing the sales transaction.
A PR appointed informally by the Probate or District Court has legal authority to sell real property and to transfer title to it via a ?Personal Representative's Deed? from the estate to the new owner(s). It is the PR's job to have this deed prepared, signed, acknowledged before a notary public, and properly recorded.
A special warranty deed provides assurance that the property's seller owns the property in question and has not faced any title issues during this ownership. A special warranty deed guarantees that the buyer won't face any legal action or title issues as a result of the actions of the property's previous owner.
12. Who benefits the most from recording a warranty deed? D. Explanation: The grantee is the one who has acquired an interest in the land, and she is the one who benefits the most from recording the deed to provide constructive (legal) notice of that interest.
A Warranty Deed is the best of the best. It protects you from all future and past issues with property title and any outstanding debts or liens.
B. The general warranty deed provides the buyer with the greatest protection. A bargain and sale deed carries no warranties against liens or other encumbrances, but assures that the grantor has the right to sell or convey the property.
Special warranty deeds go by many names in different states, including covenant deed, grant deed, and limited warranty deed. The guarantee covers only the period when the seller held title to the property with a special warranty deed.
The buyer, or grantee, of a property benefits the most from obtaining a warranty deed. Through the recording of a warranty deed, the seller is providing assurances to the buyer should anything unexpected happen.
General warranty deed: A general warranty deed is the most common type of deed used to transfer fee simple ownership of a property. Unlike a quitclaim deed, a general warranty deed does confirm a grantor's ownership and a legal right to sell.