Picture of New Mexico Deed of Trust Picture of New Mexico Deed of Trust Picture of New Mexico Deed of Trust

New Mexico Deed of Trust

Prepare a Deed of Trust for a New Mexico real estate purchase with this downloadable template form.

  • A Deed of Trust is used in place of a mortgage as security to repay a purchase loan for real property (except for agricultural farm land).
  • The title deed is conveyed by the purchaser (borrower) to a trustee, who holds it on behalf of the lender to secure the borrower's repayment of the debt under the promissory note and performance of the borrower's obligations under the Deed of Trust.
  • If the borrower defaults, the balance becomes due and payable and the lender may foreclose and cause the trustee to sell the property.
  • The Deed of Trust includes standard covenants as required under federal laws.
  • The redemption period after judicial or non-judicial sale of the property is set at one month.
  • If the borrower is in default, the lender has the right to appoint a receiver over the property.
  • Available in MS Word format.
  • Intended to be used only in the State of New Mexico.
Document Type: Microsoft Word
Last Updated: 15-December-2024
SKU: 1881
$17.99
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New Mexico Contract for Deed

If a buyer who is interested in your property cannot qualify for conventional mortgage financing, you can assist by carrying part or all of the purchase price under this Contract for Deed (or Land Contract).

  • Under the terms of this Contract, the seller effectively becomes the mortgage lender for the balance of the purchase money.
  • Title will transfer to the buyer once payment in full of all principal and interest has been received by the seller.
  • The seller has the right to take back the property if the buyer defaults in payment.
  • At the seller's option, the balance can be repaid by monthly payments with or without interest until paid, or monthly payments with interest for a fixed number of payments with a balloon payment at the end to pay out the balance.

The New Mexico Contract for Deed form is available in MS Word format and easy to use.

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Picture of New Mexico Special Warranty Deed

New Mexico Special Warranty Deed

Transfer ownership of a real estate property in New Mexico with this Special Warranty Deed form.

  • Under a Special Warranty Deed, the seller (grantor) warrants or guarantees the title only against defects arising during his/her ownership of the property and not against defects existing before that time.
  • This is a downloadable MS Word document which is easy to fill in with the details of your transaction.
  • Intended solely for use in the State of New Mexico.
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Picture of New Mexico Warranty Deed for Joint Ownership

New Mexico Warranty Deed for Joint Ownership

Transfer title of a NM real estate property from two sellers to two buyers with this New Mexico Warranty Deed for joint ownership with rights of survivorship.

  • This is the type of Warranty Deed that is used to convey a property from one couple (spouses or partners) to another couple, who will live in the property.
  • The sellers (grantors) covenant to the buyers (grantees) that they have good and marketable title to the property, they have the legal right and power to transfer the title, and they will defend the grantees' right to possess the property.
  • The buyers can take title either as:
    • joint tenants, with rights of survivorship, which means that if one of them dies, title to the property passes to the surviving joint tenant, or
    • community property with rights of survivorship, or
    • community property without rights of survivorship.
  • The Warranty Deed includes a Community Property Agreement to be signed by the buyers, if applicable.
  • This is a downloadable legal form intended for use in the State of New Mexico.
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