New Mexico Deed of Trust and Promissory Note
County Specific Legal Forms Validated as recently as May 11, 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
"First time user - process went very smooth and fast. It took me a little to find my messages. At fir…"
"Easy to use, loved the format, will use again"
"Was hoping I would be sent copies on paper so I can fill them out without a desk computer"
"The sight provided exactly what I needed and was easy to use. I was able to download the type of Dee…"
"Was looking for information and forms relating to a trust my parents created, but what I purchased s…"
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
"First time user - process went very smooth and fast. It took me a little to find my messages. At fir…"
"Easy to use, loved the format, will use again"
"Was hoping I would be sent copies on paper so I can fill them out without a desk computer"
"The sight provided exactly what I needed and was easy to use. I was able to download the type of Dee…"
"Was looking for information and forms relating to a trust my parents created, but what I purchased s…"
Common Uses for Deed of Trust and Promissory Note
- Release collateral after a commercial loan is paid off
- Replace a trustee who is unable or unwilling to serve
- Document the full payoff of a home loan for public record
- Subordinate a second mortgage to allow refinancing
- Record a satisfaction of mortgage with the county
- Clear title after paying off a home equity line of credit
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.