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2016 U.S. Legal Forms, Inc. NEW MEXICOSPECIAL WARRANTY DEED Individual to Two Individuals Control Number: NM02978I. TIPS ON COMPLETING THE Forsythe form(s) in this packet may contain “form fields
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How to fill out special warranty deed

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How to fill out special warranty deed

01
First, gather all necessary information about the property and the parties involved in the transaction.
02
Next, obtain a blank special warranty deed form specific to your state's requirements.
03
Fill in the legal description of the property, including any metes and bounds information.
04
Identify the grantor (current owner) and the grantee (new owner).
05
Include the consideration or purchase price for the property.
06
Specify any conditions or restrictions associated with the warranty deed.
07
Both the grantor and grantee must sign the deed in the presence of a notary public.
08
Record the completed special warranty deed at the appropriate county recorder's office.
09
Provide a copy of the deed to the grantee for their records.

Who needs special warranty deed?

01
Special warranty deeds are commonly used in real estate transactions.
02
They are often used by sellers as a way to limit their liability for any title defects that may arise during their ownership.
03
Real estate investors, developers, and individuals buying or selling residential or commercial properties may use special warranty deeds.

What is Special Warranty Deed - Individual to Two Individuals - New Mexico Form?

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A special warranty deed is a type of real estate deed in which the grantor guarantees that they hold clear title to the property and have not encumbered the property during their ownership, but they do not guarantee against any claims made before they acquired the property.
Typically, the grantor, or the person transferring the property, is responsible for filing the special warranty deed with the appropriate government office, such as the county recorder's office.
To fill out a special warranty deed, you need to include the names of the grantor and grantee, a legal description of the property, the date of the transaction, any consideration being exchanged, and the grantor's signature.
The purpose of a special warranty deed is to provide a level of protection to the grantee by ensuring that the grantor is only liable for any claims against the property that arose during their ownership.
The special warranty deed must include the names of the grantor and grantee, a legal description of the property, the date of the transfer, and any necessary signatures and notarization.
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