Legal Question in Real Estate Law in New Mexico
I am selling my property on a real estate contract. What sort of deed is involved from me to the buyer. Is a quit claim deed from the buyer back to me required.
Asked on 1/16/10, 11:34 am
1 Answer from Attorneys
Charles Aspinwall
Charles S. Aspinwall, J.D., LLC
It is customary for you to provide a warranty deed to the buyer at closing, and for the buyer to provide a special warranty deed to you to be held in escrow and released only in the event of default by the buyer.
Answered on 1/21/10, 12:18 pm