Subject To's Legal In New Mexico? Please Help!

[Jesse Ramirez]

Hello everybody, I'm relatively new to real estate investing and have found a spec builder who is willing to let me take over his mortgage/note on the home with some cash flow for himself. Im from Texas and know lease option and subject to's are considered illegal. Can I use these options in New Mexico? Legal or not?
Also, if so how do i go about the contract? Where do I find one and which one do I use? I'm not gifted financially yet so it must not take very much money. Thanks for all your help.
Jesse

[Nick J.]

of course they're not, thats why line 203 on the HUD1 exist.................I could be wrong about the line # but I'm pretty sure it's 203.

YOU BETTER GET NEW INSURANCE ON THE HOME!!!!!!!

SORRY FOR YELLING, JUST MAKING A POINT.

THE NAME ON THE TITLE (DEED) MUST HAVE INSURANCE ON THE PROPERTY, DON'T SKIP THIS PART. YOUR BACKSIDE IS COMPLETELY OPEN FOR A LAWSUIT IF THE HOUSE BURNS DOWN

sorry for yelling