Legal Question in Real Estate Law in New Mexico

Re: Deeds

A Quit Claim deed transfer only the ownerhsip the signer has, and makes no guarantees that s/he has any. I will, for example, give you a Quit Claim deed to city hall for $100.00, as I own no interest in it. I will not, of course, give you a Quit Claim deed to my house, as I do own more than a $100.00 interest in it. A Warranty deed guarantees the signer has full, complete and good title to the property, and that s/he has the right to transfer it. If I gave you a Warranty deed to city hall you could sue me for violation of my guarantee to you that I owned it. A warranty deed guarantees title; a Quit Claim deed does not.