New Mexico Quitclaim Deed for Three Individuals to One Individual
Overview of this form
A Quitclaim Deed for Three Individuals to One Individual is a legal document used to transfer ownership of property from three grantors to one grantee. This form allows the grantors to relinquish any claim they have on the property without making any guarantees about its title. It is specifically designed for situations where multiple individuals are transferring their interest in a property to a single party. Unlike other deeds, a quitclaim deed does not offer warranties against claims from third parties, making it a simpler option for transferring property ownership.
Main sections of this form
- Names of the grantors (three individuals) and the grantee (one individual).
- Legal description of the property being transferred.
- Clauses regarding the tax responsibilities related to the property.
- Indication of whether the property is part of the grantors' homestead.
- Signature fields for the grantors to execute the deed.
When to use this document
This form is typically used in situations where three individuals want to transfer their collective ownership or interest in a property to a single individual. Examples include family members adding or removing ownership interests, resolving shared property disputes, or consolidating property ownership among partners or co-owners. It can also be used during estate planning when clarifying property distribution among heirs.
Who can use this document
- Property owners who are co-owning a property and wish to transfer their interests.
- Individuals involved in family transactions regarding real estate.
- Those seeking to consolidate property ownership for legal or financial reasons.
- Individuals involved in a divorce who need to transfer property interests.
How to complete this form
- Identify all grantors and the grantee, ensuring correct spelling of names.
- Complete the legal description of the property in the designated section.
- Specify how taxes for the current year will be allocated between the parties.
- Indicate whether the property is part of the grantors' homestead and include signatures of all grantors.
- Ensure all form fields are filled out completely before finalizing the document.
Does this form need to be notarized?
To make this form legally binding, it must be notarized. Our online notarization service, powered by Notarize, lets you verify and sign documents remotely through an encrypted video session.
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Make edits, fill in missing information, and update formatting in US Legal Forms—just like you would in MS Word.
Download a copy, print it, send it by email, or mail it via USPS—whatever works best for your next step.
Sign and collect signatures with our SignNow integration. Send to multiple recipients, set reminders, and more. Go Premium to unlock E-Sign.
If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.
We protect your documents and personal data by following strict security and privacy standards.
Common mistakes
- Not providing complete legal descriptions of the property.
- Forgetting to include all grantors' signatures.
- Leaving tax responsibilities unspecified.
- Failing to verify the identity of all parties involved before signing.
Why use this form online
- Convenience of filling out and downloading the form from home.
- Editability to ensure all sections are correctly completed.
- Immediate access to the form without needing to visit a law office.
- Reliability of using templates drafted by licensed attorneys.
Quick recap
- The Quitclaim Deed allows three individuals to transfer property to one individual without title guarantees.
- This form is particularly useful for family or domestic property transfers.
- Ensure all parties are correctly identified and legal descriptions are accurately completed.
- Consider notarization for added validity, although it is not always necessary.
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FAQ
If you do not have any loan or mortgage over the said property, then the easiest way to remove your name from the joint names, is if you were to execute a release deed or relinquishment deed in favour of your wife with respect to 50% share that you are the owner of, then she in turn becomes the full and absolute owner
The only way to forcibly change the ownership status is through a legal action and the resultant court order. However, if an owner chooses to be removed from the deed, it is simply a matter of preparing a new deed transferring that owner's interest in the property.
You can remove a name from your mortgage without refinancing by informing your lender that you are taking over the mortgage, and you want a loan assumption. Under a loan assumption, you take full responsibility for the mortgage and remove the other person from the note.
If you do not have any loan or mortgage over the said property, then the easiest way to remove your name from the joint names, is if you were to execute a release deed or relinquishment deed in favour of your wife with respect to 50% share that you are the owner of, then she in turn becomes the full and absolute owner
1Discuss property ownership interests.2Access a copy of your title deed.3Complete, review and sign the quitclaim or warranty form.4Submit the quitclaim or warranty form.5Request a certified copy of your quitclaim or warranty deed.
It will depend what state the property is in. For example, the minimum fee payable when changing the title to have someone removed from a property title in NSW is $133.48. This fee must be paid to the NSW Government Land & Property Information Department.
When owning a home together is no longer an option, you can remove him from your mortgage by refinancing. You do not need his consent to refinance. However, the co-owner must agree to relinquish ownership rights. By completing a quit claim deed, the owner quits his interest in the home.
Fill in the application to change the register. You'll need to fill in the application to change the register, known as form AP1. Sign the transfer deed. Take form ID1 to a solicitors' firm. Send the completed forms to HM Land Registry.
It usually takes four to six weeks to complete the legal processes involved in the transfer of title.
