Get No Consideration Affidavit

Filling out the No Consideration Affidavit is a crucial step in documenting property transfers without financial consideration. This guide will help you navigate the online process of completing this form accurately and efficiently.

Follow the steps to fill out the No Consideration Affidavit online

1. Press the ‘Get Form’ button to receive the No Consideration Affidavit and open it in your preferred online editor.
2. Begin by completing the Tax Identification Number section at the top of the form. Ensure that you enter accurate information to facilitate the processing of your affidavit.
3. Move to Section 1, where you will describe the relationship between the parties involved in the transfer. Initial all that apply, such as spousal or parent/child relationships, and provide the names of the individuals involved.
4. Complete the sibling transfer section if applicable. Specify the relationship and provide the names of the siblings involved, ensuring that all information is accurately listed.
5. If there are other family relationships or no relationship, indicate this in the provided space and include additional names and relationships as necessary. If you are claiming exemptions, cite the relevant code.
6. Proceed to Section 2 to disclose any outstanding mortgage balances on the property. List the Liber/Folio numbers, original loan amounts, and unpaid principal mortgage balances accurately.
7. Review the statement regarding penalties for providing false information. Confirm your understanding and complete the signatures required of both homeowners involved in the transfer.
8. Finally, complete the notary section by providing the state and county/city where the document is being notarized. A notary public will need to witness the signatures and acknowledge the affidavit.
9. Once all sections are filled out accurately, save your changes, and choose to download, print, or share the completed form as required.

Take the next step in your property transfer process by completing the No Consideration Affidavit online now.