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Warranty Deed from Corporation to Two Individuals - New Mexico

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The document is a Warranty Deed that outlines the transfer of property from a corporation (the Grantor) to two individuals (the Grantees) as joint tenants with rights of survivorship. It includes details about the property, legal descriptions, and conditions regarding taxes and encumbrances. The deed ensures that the Grantor warrants clear title to the property and specifies the rights of the Grantees in case of survival.

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How do I transfer a warranty deed?

Both the grantor and the grantee must sign it, usually in the presence of a notary. Then the deed must be filed in the county registrars office to be legally enforceable. Once filed, the legal transfer of the property is complete.

Can you sell a house with a warranty deed?

The warranty deed not only gives the grantor the legal right to sell the home but also confirms that the property has no title issues or concerns.

What are the disadvantages of a warranty deed?

Limitations of Warranty Deeds While warranty deeds offer some key benefits, there are also some limitations, such as: A special warranty deed only guarantees that the title is clear of any claims or encumbrances during the time that the grantor owned the property.

When a corporation transfers ownership of property the deed must be signed?

0:18 2:05 It proves ownership and gets updated when property changes hands when a corporation transfersMoreIt proves ownership and gets updated when property changes hands when a corporation transfers property. They sign a deed this deed needs to be as official as a referees whistle.

Can you transfer a warranty deed?

A general warranty deed is used to transfer real property from one person to another. This type of deed offers the greatest protection for the buyer and has specific requirements for what must be included in the document.

Does a warranty deed mean you own the property?

No, a warranty deed does not prove ownership. A title search is the best way to prove that a grantor rightfully owns a property. The warranty deed is a legal document that offers the buyer protection. In other words, the property title and warranty deed work in tandem together.

Who are the parties to a warranty deed?

The two parties involved in a warranty deed are the seller, known as the grantor, and the buyer, or the grantee, and either party can be an individual or a business. Most lenders require a warranty deed for properties they finance.

What does joint tenants mean on a warranty deed?

Joint tenancy is a form of co-ownership where two or more individuals share equal ownership rights to a property. Each owner has an undivided interest in the property, and if one owner passes away, their share automatically transfers to the surviving owner(s).

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