Page 35 - Real Estate Laws and Customs - State by State Guide by Old Republic Title
P. 35
State Locations
A STATE - BY - STATE GUIDE
REAL ESTATE LAWS AND CUSTOMS NEW MEXICO
Title Insurance Rates NEW MEXICO
Promulgated Rate by Insurance Department
Form of Conveyance NEW MEXICO
Warranty Deed; Special Warranty Deed; Real Estate Contract
State Encumbrance Forms NEW MEXICO
Deed of Trust; Mortgage
Customary Closing Entity NEW MEXICO
Title or Escrow Company
Commitment Issued? Duration? NEW MEXICO
Yes; 6 Months
When Is Invoice Issued? NEW MEXICO
With Commitment; At Closing
Deed Transfer Tax? NEW MEXICO
No
Mortgage Tax? NEW MEXICO
Not Applicable
Leasehold Tax? NEW MEXICO
No
Remote Online Notarization (RON) Status NEW MEXICO
In Effect
CUSTOMARY SPLITS
Owner’s Policy Premium NEW MEXICO
Seller Pays
Loan Policy Premium NEW MEXICO
Buyer Pays
Title Search and Exam Fees NEW MEXICO
Included in Premium
Survey Charges NEW MEXICO
Negotiable
Deed Transfer Tax NEW MEXICO
Not Applicable
Mortgage Tax NEW MEXICO
Not Applicable
Closing Fees NEW MEXICO
Divided Equally or Negotiable
Recording Fees NEW MEXICO
Buyer Pays to Record Deed and Mortgage
Seller Pays to Record Documents to Remove Encumbrances
UCC coverage is available; for assistance with your transaction contact UCC@oldrepublictitle.com 35
oldrepublictitle.com/ncs Updated 07/2023
