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New Mexico Quitclaim Deed - Individual to Four Individuals

Quit Claim Deed Nm

Name: New Mexico Quitclaim Deed - Individual to Four Individuals
Brand: US Legal Forms
Price: 59.00 USD
Rating: 4.75 (392 reviews)

Category:

New Mexico Real Estate - Deeds - Quitclaims

State:

New Mexico

Control #:

NM-025-77

Format:

Instant download

Description

This form is a Quitclaim Deed where the Grantor is an Individual and the Grantees are four Individuals. Grantor conveys and quitclaims the described property to Grantees. The Grantees take the property as joint tenants with the right of survivorship or as tenants in common. This deed complies with all state statutory laws.

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FAQ

A person who signs a quitclaim deed to transfer property they do not own results in no title at all being transferred since there is no actual ownership interest. The quitclaim deed only transfers the type of title you own.

But you might be wondering if an owner can transfer a deed to another person without a real estate lawyer. The answer is yes. Parties to a transaction are always free to prepare their own deeds.A quitclaim deed, for example, is far simpler than a warranty deed.

Quitclaim deeds are most often used to transfer property between family members. Examples include when an owner gets married and wants to add a spouse's name to the title or deed, or when the owners get divorced and one spouse's name is removed from the title or deed.

Notary Public (Section 47-1-44) In New Mexico it must be signed with a Notary Public viewing the Grantor(s) signature(s). Recording A quit claim deed is required to be filed at the County Clerk's Office where the property is located along with the required recording fee(s).

The drawback, quite simply, is that quitclaim deeds offer the grantee/recipient no protection or guarantees whatsoever about the property or their ownership of it. Maybe the grantor did not own the property at all, or maybe they only had partial ownership.

Quitclaim deeds are most often used to transfer property between family members.Examples include when an owner gets married and wants to add a spouse's name to the title or deed, or when the owners divorce and one spouse's name is removed from the title or deed.

Fill out the quit claim deed form, which can be obtained online, or write your own using the form as a guide. The person giving up the interest in the property is the grantor, and the person receiving the interest is the grantee.

Once you sign a quitclaim deed and it has been filed and recorded with the County Clerks Office, the title has been officially transferred and cannot be easily reversed. In order to reverse this type of transfer, it would require your spouse to cooperate and assist in adding your name back to the title.

Yes, you can use a Quitclaim Deed to transfer a gift of property to someone. You must still include consideration when filing your Quitclaim Deed with the County Recorder's Office to show that title has been transferred, so you would use $10.00 as the consideration for the property.

Quit Claim Deed Nm

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Does a quitclaim deed give you ownership?

Can I prepare my own quit claim deed?

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What are the disadvantages of a quit claim deed?

Why would you quit claim deed to yourself?

Can you prepare a quit claim deed yourself?

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Can I quit claim my property to anyone?

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