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Ways of Holding Title in New Mexico
(Title Vesting Options) SINGLE AND UNMARRIED PERSONS: Single and unmarried persons may take title individually or as a joint tenants or as tenants in common with one or more other persons. MARRIED PERSONS: Husband and wife may hold properties as joint tenants or as tenants in common, either way there is a presumption in … Read moreWays of Holding Title in New Mexico
Standard Exceptions
What does it mean to delete the Standard Exceptions? And what do I do with the NM 35 Form? As a buyer, you will receive a New Mexico Form 35, which is a regulatory form produced by the State Department of Insurance. It can be a fairly confusing to complete, and its not unusual for … Read moreStandard Exceptions
Why Do I Need Owner’s Title Insurance?
Buying a home is an exciting and emotional time for many people. To help you buy your home with more confidence, make sure you get owner’s title insurance. 7 Reasons Why Every Homebuyer Needs Owner’s Title Insurance 1. A home is probably the single largest investment you will make in your life. You insure everything … Read moreWhy Do I Need Owner’s Title Insurance?
Don’t Start Construction Until…
Homeowners who are planning on building (or remodeling) a home.. TAKE NOTE! Homeowners who are planning on building (or remodeling) a home — take note. You definitely want to close on and record your construction mortgage BEFORE you commence ANY construction activity on the property. The same rules apply for any renovation or expansion on … Read moreDon’t Start Construction Until…