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The document is a Warranty Deed that facilitates the transfer of property from an individual (Grantor) to a married couple (Grantees) as joint tenants with rights of survivorship. It outlines the legal considerations, including the acknowledgment of receipt of payment, description of the property, and covenants regarding the title. The deed also includes provisions for tax responsibilities and a community property agreement in case of death.

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Which deed has the most protection?

General warranty deeds give the grantee the most protection, special warranty deeds give the grantee more limited protection, and a quitclaim deed gives the grantee the least protection under the law.

What is a warranty deed in New Mexico?

A New Mexico warranty deed is a real estate transfer document in which a seller (grantor) conveys property rights to a buyer (grantee) and warrants that no encumbrances or other issues cloud the property title.

How do you transfer ownership of a house in New Mexico?

A New Mexico deed is used to legally convey real estate between parties in New Mexico. In order to transfer property, with a deed, you will need the names of the seller, or grantor, the names of the buyer, or grantee, the legal description of the property and an acknowledgment by a notary public.

What is the most desirable deed for a buyer?

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.

Who benefits the most from a 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.

How do I transfer a warranty deed in New Mexico?

Residential Property Transfer Declaration Affidavit New Mexico law requires Form RPTDA when a deed transfers residential real estate to a new owner. A completed Form RPTDA must be signed by the current owner, new owner, or authorized agent and filed with the county assessor within 30 days after the deed is recorded.

How do I get a warranty deed in New Mexico?

Warranty Deed in New Mexico A warranty deed must be docHubd 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.

How do you avoid probate in New Mexico?

In New Mexico, you can make a living trust to avoid probate for virtually any asset you ownreal estate, bank accounts, vehicles, and so on. You need to create a trust document (its similar to a will), naming someone to take over as trustee after your death (called a successor trustee).

What is a warranty deed in New Mexico?

How do I transfer a deed in New Mexico?

New Mexico law requires Form RPTDA when a deed transfers residential real estate to a new owner. A completed Form RPTDA must be signed by the current owner, new owner, or authorized agent and filed with the county assessor within 30 days after the deed is recorded.

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