New Mexico Deed of Trust and Promissory Note
County Specific Legal Forms Validated as recently as July 10, 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
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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
"It's very easy to find your way around on deeds.com, Excellent layout on this website and user frien…"
"I like that the quit claim form was fill in the blank on my computer instead of online, made it so m…"
"Looked into a good number of DIY deeds on the internet. Very glad that I chose Deeds.com. They made …"
"These forms were very easy to both download and print, as well as fill out on the site and then prin…"
"Great site makes this procedure easy to do,thanks"
Compare with related New Mexico forms
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.