Picture of New Mexico Contract for Deed Picture of New Mexico Contract for Deed

New Mexico Contract for Deed

If a potential buyer of your property cannot qualify for conventional mortgage financing, you can help by carrying part or all of the purchase price under this Contract for Deed.

  • A contract for deed is also referred to as a purchase money mortgage or a 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.

Document Type: Microsoft Word
Last Updated: 26-February-2025
SKU: 4993
$17.99
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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.
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New Mexico Quitclaim Deed Form

New Mexico Quitclaim Deed

Transfer your interest in a real estate property in New Mexico with this easy-to-use Quitclaim Deed.

  • Under the Quitclaim Deed, the transferor conveys all of its interest in the property to the transferee but does not provide any warranties regarding the property.
  • This form of Deed is often used to remove one spouse's name from title following divorce proceedings.
  • The form is provided in MS Word format and is easy to download, fill in and print.
  • This Quitclaim Deed form is intended for use in the State of New Mexico.
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New Mexico Warranty Deed Form

New Mexico Warranty Deed Form

Transfer title of a New Mexico real estate property from a seller to a buyer with this downloadable Warranty Deed form.

What is a warranty deed?

A warranty deed is a legal document that transfers ownership of a real estate property from the seller to the buyer. The seller confirms that the property has a clear title, which ensures that the buyer will not be responsible for any past title defects or encumbrances.

Covenants of Seller (Grantor)

The grantor (seller) covenants that:

  • the grantor (seller) has good and marketable title to the property,
  • the grantor (seller) has the right and power to transfer the title to the grantee (buyer), and
  • the grantor (seller) will forever defend the grantee's (buyer's) right to possession of the property.

Format and Legal Jurisdiction

The Warranty Deed form is available as a downloadable legal document in MS Word format. It is intended to be used only in the State of New Mexico.

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