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A New Mexico quit claim deed is a legal instrument whereby an owner of real property, the “grantor,” transfers ownership to another party, the “grantee,” with no warranty as to the quality of the title. Because this deed is devoid of protection, the grantee risks accepting a title clouded by legal claims, unpaid taxes, or other encumbrances. Title defects can impact the future marketability of the real estate or restrict the grantee’s rights as a property owner. Consequently, quit claim deeds are best suited for use by trusted parties and are commonly employed when transferring property between family members.
- Statute: § 47-1-30
- Formatting: There are no standards that apply to the whole state, although counties may set their own formatting guidelines.
- Signing Requirements (§ 14-8-4): Notary Public
- Where to Record (§ 14-9-1): County Clerk’s Office
- Recording Fees (§ 14-8-15): $25
- Homeowners’ Association Disclosure Certificate Request (§ 47-16-11): When selling a lot that is part of a homeowners’ association, this form must be used to request a disclosure certificate from the association. Once received, the certificate must be provided to the buyer no later than seven (7) days before the closing date.