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Commonly Asked Questions about Real Estate Transactions in New Mexico

Currently, there are a number of non-disclosure states. They include Alaska, Idaho, Kansas, Louisiana, Mississippi, Montana, New Mexico, North Dakota, South Dakota, Texas, Utah, and Wyoming. Before investing, real estate professionals should familiarize themselves with this list of non-disclosure states.
Am I Required to Use a Real Estate Attorney When Selling My Home? If you are selling your home in New Mexico, you are not required to use a real estate attorney in Albuquerque. New Mexico is not one of the 21 states (plus the District of Columbia) that require sellers to use a real estate attorney.
Course Description: Deeds of Trust have become the dominate form of financing in the state of New Mexico.
Certainly, in New Mexico, a seller can withdraw from a contract under specific conditions, often tied to agreed-upon contingencies like property inspections, financing, or appraisal.
Seller signs the deed and closing affidavit. Buyer signs the new note and mortgage. The old loan is paid off. Seller, real estate professionals, attorneys and other parties present at the closing of the transaction are paid.
Yes, New Mexico laws mandate sellers make disclosures to the prospective buyer.
New Mexico does not require disclosure of death on a property. There is no requirement for a seller or homeowner to disclose.
What states have reciprocity with New Mexico in real estate? New Mexico has a license recognition agreement with Massachusetts, Louisiana, and Georgia.