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Special Warranty Deed - Individual to Two Individuals - New Mexico 2025

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The document is a Special Warranty Deed form for transferring property ownership from an individual (Grantor) to two individuals (Grantees) in New Mexico. It includes instructions for completing the form, a disclaimer regarding the use of the forms, and sections for legal descriptions and signatures. The deed outlines the terms of the transfer, including consideration, property details, and tax responsibilities.

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Click ‘Get Form’ to open it in the editor.
Begin by entering the Grantor's name and marital status in the designated fields. Ensure accuracy as this identifies the individual transferring the property.
Next, input the names and addresses of both Grantees. This section is crucial as it specifies who will receive ownership of the property.
Fill in the legal description of the property in Exhibit A. This should detail the exact location and boundaries of the land being conveyed.
Indicate any prior instrument references, including book, page, and document number for record-keeping purposes.
Complete tax information by selecting how taxes will be prorated or paid between Grantor and Grantees.
Finally, have the Grantor sign and date the document. Ensure that a notary public acknowledges this signature for legal validity.

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How do I add someone to a deed in New Mexico?

To add a name to a property deed while keeping the current owner, a quitclaim or warranty deed is typically used, depending on jurisdiction. This deed must be properly completed, signed, and recorded with the county recorders office.

What is a special warranty in New Mexico?

In a conveyance of real estate the words special warranty covenants shall have the full force, meaning and effect of the following words: the grantor for himself, his heirs, executors, administrators and successors, covenants with the grantee, his heirs, successors and assigns that the granted premises are free from

What is the key difference between a warranty deed and a special warranty deed?

The main difference between these deeds is that general warranty deeds apply to the entire history of a piece of land while special warranty deeds only cover the period of time that the previous owner (the grantor) has held the land.

Can you sell a house with a special warranty deed?

Title Ownership: With a special warranty deed, you have ownership of the property. You can use, enjoy, lease, and sell the property, subject to any existing covenants, conditions, and restrictions of record.

What is joint tenancy in New Mexico?

A joint tenancy in real property is one owned by two or more persons, each owning the whole and an equal undivided share, by a title created by a single devise or conveyance, when expressly declared in the will or conveyance to be a joint tenancy, or by conveyance from a sole owner to himself and others, or from

How does a special warranty deed work?

A special warranty deed is a type of real estate deed used to transfer property ownership from one person to another. By using this particular deed, the seller is guaranteeing to the buyer that there are no defects or problems with the property title during the time that they owned the property.

What are the disadvantages of a special warranty deed?

The term special might suggest higher quality to buyers, but the special warranty deed offers less coverage. It offers less protection due to the limited time frame it covers. For residential properties, special warranty deeds are often used in foreclosures and forced sales to settle debts.

What is a special warranty deed in New Mexico?

A special warranty deed is a legal document used in real estate transactions to transfer property ownership from a seller (grantor) to a buyer (grantee) with limited guarantees about the propertys title.

Special Warranty Deed - Individual to Two Individuals - New Mexico 2025

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How to use or fill out Special Warranty Deed - Individual to Two Individuals - New Mexico

Complete this form in 5 minutes or less

Got questions?

How do I add someone to a deed in New Mexico?

What is a special warranty in New Mexico?

What is the key difference between a warranty deed and a special warranty deed?

Can you sell a house with a special warranty deed?

What is joint tenancy in New Mexico?

People also ask

How does a special warranty deed work?

What are the disadvantages of a special warranty deed?

What is a special warranty deed in New Mexico?

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Special Warranty Deed - Individual to Two Individuals - New Mexico 2025

Here's how it works

How to use or fill out Special Warranty Deed - Individual to Two Individuals - New Mexico

Complete this form in 5 minutes or less

Got questions?

How do I add someone to a deed in New Mexico?

What is a special warranty in New Mexico?

What is the key difference between a warranty deed and a special warranty deed?

Can you sell a house with a special warranty deed?

What is joint tenancy in New Mexico?

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People also ask

How does a special warranty deed work?

What are the disadvantages of a special warranty deed?

What is a special warranty deed in New Mexico?

Related links

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