Page 35 - Real Estate Laws and Customs - State by State Guide by Old Republic Title

State Locations

A STATE- BY- STATE GUIDE
R E A L E S T A T E L A W S & C U S T O M S 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
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