Socorro County Deed of Trust and Promissory Note Forms (New Mexico)

Form Package

Deed of Trust and Promissory Note

State

New Mexico

Area

Socorro County

Price

$27.97

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Immediate Download

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Included Forms

All Socorro County specific forms and documents listed below are included in your immediate download package:

Included Supplemental Documents

The following New Mexico and Socorro County supplemental forms are included as a courtesy with your order.

Frequently Asked Questions:

Areas Covered by These Deed of Trust and Promissory Note Forms:

• Socorro County

Including:

• Claunch
• La Joya
• Lemitar
• Magdalena
• Polvadera
• San Acacia
• San Antonio
• Socorro
• Veguita

What is the New Mexico Deed of Trust and Promissory Note

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)

Our Promise

The documents you receive here will meet, or exceed, the Socorro County recording requirements for formatting. If there's an issue caused by our formatting, we'll make it right and refund your payment.

Save Time and Money

Get your Socorro County Deed of Trust and Promissory Note form done right the first time with Deeds.com Uniform Conveyancing Blanks. At Deeds.com, we understand that your time and money are valuable resources, and we don't want you to face a penalty fee or rejection imposed by a county recorder for submitting nonstandard documents. We constantly review and update our forms to meet rapidly changing state and county recording requirements for roughly 3,500 counties and local jurisdictions.

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