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Warranty Deed from Husband and Wife to LLC - New Mexico

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This document is a Warranty Deed in which a husband and wife (the Grantors) transfer property to a Limited Liability Company (the Grantee) for a nominal consideration of ten dollars. It includes legal descriptions of the property, outlines the rights and responsibilities of both parties, and specifies that the Grantors warrant clear title to the property, free from encumbrances. The deed also addresses tax responsibilities and includes sections for signatures and notary acknowledgment.

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How do I transfer a deed in New Mexico?

There is no transfer until the owner dies. The owner can revoke (cancel) the deed at any time and can execute (sign), acknowledge (sign before a notary) and record a new TODD providing for a different person to get the property.

How do I add my wife to my warranty deed?

The simplest way to add a spouse to a deed is through a quitclaim deed. This type of deed transfers whatever ownership rights you have so that you and your spouse now become joint owners. No title search or complex transaction is necessary. The deed will list you as the grantor and you and your spouse as grantees.

Can I transfer a deed without an attorney?

Self-filing the deed without an attorney is the most economical option for transferring real property title. However, it requires careful attention to detail. The Registers Office wont provide assistance or highlight mistakes in the paperwork.

How do I transfer without probate in NM?

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 (similar to a will), naming someone to take over as trustee after your death (called a successor trustee).

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.

How do I transfer my house deed to an LLC?

Follow these steps to transfer property to LLC business structures. Make sure your LLC is registered. Review the property title and LLC operating agreement. Draft a deed of transfer. Notarize and file the deed. Notify your mortgage company. Update tax records. Transfer utilities and insurance. Plan for tax complications.

How much does it cost to transfer a deed in New Mexico?

ing to N.M. Stat. 14-8-15, anyone filing a quitclaim deed in New Mexico can expect to pay a $25 fee.

How do I transfer a title in New Mexico?

To transfer a car title in New Mexico, the seller fills out the title with necessary details and signs it. The buyer then collects required documents, including the bill of sale and identification, and submits them at a local MVD office along with the completed title application and any applicable fees.

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