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Warranty Deed from Corporation to Two Individuals - New Mexico

Warranty Deed from Corporation to Two Individuals - New Mexico 2026

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This document is a Warranty Deed from a corporation to two individuals, granting them joint tenancy with rights of survivorship for a specified property in New Mexico. It outlines the terms of the transfer, including the consideration paid, legal descriptions, and covenants regarding the title and encumbrances. The deed also includes provisions for tax responsibilities and is executed by the corporation's representative.

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Click ‘Get Form’ to open it in the editor.
Begin by entering the name of the corporation in the designated field, followed by its state of incorporation. This identifies the Grantor.
Next, input the names of the two individuals receiving the property as Grantees. Ensure their names are spelled correctly for legal accuracy.
Fill in the legal description of the property being transferred. If you have an attachment (Exhibit A), ensure it is included and referenced properly.
Complete any prior instrument references, including book, page, and document numbers related to previous ownership.
Specify how taxes will be handled for the current tax year by selecting one of the provided options.
Finally, have an authorized representative from the corporation sign and date the document. Ensure that a notary public acknowledges this signature.

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We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

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 are the disadvantages of a warranty deed?

Disadvantages of Warranty Deeds Title companies will research the chain of deeds, past court judgments, and unpaid taxes before green-lighting the transfer. The grantor also remains on the hook long after the sale. If a forgotten lien surfaces, the buyer can pull the grantor into court for damages and legal fees.

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

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.

How to get a warranty deed in New Mexico?

Heres a step-by-step guide: Identify the grantor and grantee, including their full legal names and addresses. Provide a legal description of the property. Include the amount of consideration (usually the purchase price). Sign and date the deed in front of a notary public.

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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 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.

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

Warranty Deed from Corporation to Two Individuals - New Mexico 2026

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