Warranty Deed from Limited Partnership or LLC is the Grantor, or Grantee - New Mexico 2025

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The document is a Warranty Deed prepared by U.S. Legal Forms, Inc. for the State of New Mexico, outlining the process for transferring property ownership from a Grantor (individual or entity) to a Grantee (individual or entity). It includes instructions for completing the form fields, a disclaimer regarding legal advice and liability, and sections for signatures and acknowledgments. The deed specifies the consideration for the transfer and includes provisions for community property agreements if applicable.

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Does a warranty deed need to be signed by both parties?

Using a general warranty deed You also can use an online services provider, if you want assistance in creating a general warranty deed. Once you obtain the correct form, you must fill it in completely. Both the grantor and the grantee must sign it, usually in the presence of a notary.

Who is the grantor and grantee on a warranty deed?

The Definition Of Grantor And Grantee Mortgage agreements: The lender (grantor) provides funds, and the borrower (grantee) receives them. Trusts: The trust creator (grantor) transfers assets to a beneficiary (grantee). Property deeds: The seller (grantor) transfers ownership to the buyer (grantee).

Who will be in title on the warranty deed?

A warranty deed is a legal document used when a piece of real estate is sold and the ownership is transferred from the grantor (seller) to the grantee (buyer). The form usually includes a description of the property and discloses all known encumbrances like easements, outstanding liens or judgments.

How to fill out a warranty deed in New Mexico?

How to fill out a New Mexico warranty deed: Obtain a blank New Mexico warranty deed form. Begin by filling in the names of the grantor (current owner) and the grantee (new owner) in the appropriate spaces provided. Include the legal description of the property being transferred.

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 is the difference between a warranty deed and a limited warranty deed?

General Warranty Deed: A General Warranty Deed provides buyers with the highest level of protection. It guarantees the propertys title against all claims and encumbrances, even those that predate the sellers ownership. In contrast, a Limited Warranty Deed only covers the period of the sellers right.

Who signs the warranty deed at closing?

Typically the grantor(s) must sign the deed in front of a notary, and then the notarized deed is recorded in the local county records office, making the transaction complete, and a matter of public record.

Warranty Deed from Limited Partnership or LLC is the Grantor, or Grantee - New Mexico 2025

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