Property Ownership
In New Mexico, a 'fee simple determinable' estate automatically terminates if:
AThe property is sold
BA specific condition stated in the deed occurs or fails to occur✓ Correct
CThe owner dies without a will
DThe property is mortgaged
Explanation
A fee simple determinable (also called a determinable fee) is a defeasible fee estate that automatically ends when a stated condition occurs. Ownership reverts automatically to the grantor or their heirs.
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