New Mexico Deed of Trust and Promissory Note
County Specific Legal Forms Validated as recently as June 15, 2026 by our Forms Development Team
About the New Mexico Deed of Trust and Promissory Note
How to Use This Form
- Select your county from the list on the left
- Download the county-specific form
- Fill in the required information
- Have the document notarized if required
- Record with your county recorder's office
What Others Like You Are Saying
"Easy and simple to understand, had no trouble with the transaction or the forms. Recorded on the fir…"
"I did a Beneficiary Deed, package came with all forms and instructions. Recorder accepted first time…"
"Easy to download this form. I will use it when the time comes to transfer title of my house."
"Good template that met my needs. Much better than another draft template that I found on another sit…"
"Great program"
New Mexico has the Deed of Trust Act.
Foreclosure can be done non-judicially, saving time and expense. This process is called a Trustee Sale. After the Trustee sale the borrower has a right to redeem the property. This form allows one-month vs nine-months.
NM Statute 48-10-16(A)
Except as otherwise provided in Subsection E of this section, the redemption period after a trustee's sale shall be nine months, or the period provided in the deed of trust, whichever is the lesser period, and shall begin to run from the date of the trustee's sale. In the deed of trust, the parties may shorten the redemption period to not less than one month.
There are three parties in this Deed of Trust:
1- The Grantor (Borrower)
2- Beneficiary (Lender) and a
3- Trustee (Neutral Third Party)
Basic Concept. The Grantor (Borrower) conveys property title to a Trustee (Neutral Party). A Trustee or beneficiary can take an action against any person for damages.
Use this form for financing residential property, small commercial, rental property (up to 4 units), condominiums and planned unit developments. A Deed of Trust and Promissory Note with stringent default terms/conditions can be beneficial to the lender, mostly used by investors or parties selling and/or financing a real property.
(New Mexico DOT Package includes forms, guidelines, and completed examples)
How to Use This Form
- Select your county from the list above
- Download the county-specific form
- Fill in the required information
- Have the document notarized if required
- Record with your county recorder's office
What Others Like You Are Saying
"Easy and simple to understand, had no trouble with the transaction or the forms. Recorded on the fir…"
"I did a Beneficiary Deed, package came with all forms and instructions. Recorder accepted first time…"
"Easy to download this form. I will use it when the time comes to transfer title of my house."
"Good template that met my needs. Much better than another draft template that I found on another sit…"
"Great program"
Common Uses for Deed of Trust and Promissory Note
- Document a borrower's obligation secured by real property
- Substitute a new trustee on a deed of trust
- Release collateral after a commercial loan is paid off
- Record a satisfaction of mortgage with the county
- Clear a paid-off mortgage from the public record
- Document the reconveyance of a property after loan payoff
Compare other New Mexico deed forms and documents
Important: County-Specific Forms
Our deed of trust and promissory note forms are specifically formatted for each county in New Mexico.
After selecting your county, you'll receive forms that meet all local recording requirements, ensuring your documents will be accepted without delays or rejection fees.