community property: Real Estate term: Community Property - 04/21/10 11:45 AM
Definition: In eight western states, the property acquired by husband and/or wife during a marriage when not acquired with the intent of being the separate property of either spouse and where each spouse has equal rights similar to property owned by a partnership of management, alienation and testamentary disposition.
Discussion: New Mexico is a "Community Property" state which means that if a Husband purchases a property, it is automatically property of the spouse unless a "Sole and Separate" document is signed by both parties acknowledging that the property is the sole property of the one party. This is becoming more important … (0 comments)
|
community property: New Mexico is different - Part 2 - 04/08/10 03:26 PM
- Car Inspection: You are not required to have your car inspected in New Mexico. But your car does need to be in good working order. A police officer may pull you over if your tail light is out, etc.
- Car registration is cheap. The registration fee for passenger vehicles is based on the weight and year model of the vehicle. Registration fees range from $21.00 to $62.00 for a one (1) year registration or $42.00 to $124.00 for a two (2) year registration. Registration fees for trucks with a DGVW (Declared Gross Vehicle Weight) of 26,000 pounds or less … (0 comments)
|
community property: Real Estate term: Community Property - 06/25/09 12:12 PM
June 25, 2009
Real Estate Term: Community propertyDefinition: In eight western states, the property acquired by husband and/or wife during a marriage when not acquired with the intent of being the separate property of either spouse and where each spouse has equal rights similar to property owned by a partnership of management, alienation and testamentary disposition.
Discussion: New Mexico is a "Community Property" state which means that if a Husband purchases a property, it is automatically property of the spouse unless a "Sole and Separate" document is signed by both parties acknowledging that the property is the sole property of the … (1 comments)
|
community property: New Mexico is different - Part 2 - 04/01/09 11:58 AM
April 1, 2009
New Mexico is different - Part 2
- Car Inspection: You are not required to have your car inspected in New Mexico. But your car does need to be in good working order. A police officer may pull you over if your tail light is out, etc.
- Car registration is cheap. The registration fee for passenger vehicles is based on the weight and year model of the vehicle. Registration fees range from $21.00 to $62.00 for a one (1) year registration or $42.00 to $124.00 for a two (2) year registration. Registration fees for trucks with a … (1 comments)
|
|
|
|
;)
;)
