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New Mexico Quitclaim Deed from Corporation to Husband and Wife

Albuquerque New Mexico Quitclaim Deed from Corporation to Husband and Wife

Name: Albuquerque New Mexico Quitclaim Deed from Corporation to Husband and Wife
Brand: US Legal Forms
Rating: 4.76 (201 reviews)

Category:

New Mexico Real Estate - Deeds - Quitclaims

State:

New Mexico

Control #:

NM-010-77

Format:

Instant download

Description

This Quitclaim Deed from Corporation to Husband and Wife form is a Quitclaim Deed where the Grantor is a corporation and the Grantees are husband and wife. Grantor conveys and quitclaims the described property to Grantees less and except all oil, gas and minerals, on and under the property owned by Grantor, if any, which are reserved by Grantor. This deed complies with all applicable state statutory laws.

LegalLife Multistate Guide and Handbook for Selling or Buying Real Estate

How to fill out Albuquerque New Mexico Quitclaim Deed From Corporation To Husband And Wife?

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FAQ

To change the names on a real estate deed, you will need to file a new deed with the Division of Land Records in the Circuit Court for the county where the property is located. The clerk will record the new deed.

1978, § 14-9-1) ? 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). Signing (N. M. S. A. 1978, § 47-1-44) ? In New Mexico, it must be signed with a Notary Public viewing the Grantor(s) signature(s).

One good reason to add a spouse to the deed of your home is for estate planning purposes, which may allow the property to transfer to your spouse outside the probate process, depending on the transfer language utilized in the granting clause. Another reason is for creditor purposes.

A spousal beneficiary rollover is a transfer of fund assets to the surviving spouse of the deceased account holder. Funds are either rolled over into the spouse's account or the decedent's account is renamed with the surviving spouse as the new owner.

If you've recently married and already own a home or other real estate, you may want to add your new spouse to the deed for your property so the two of you own it jointly. To add a spouse to a deed, all you have to do is literally fill out, sign and record a new deed in your county recorder's office.

A New Mexico deed is used to legally convey real estate between parties in New Mexico. In order to transfer property, with a deed, you will need the names of the seller, or grantor, the names of the buyer, or grantee, the legal description of the property and an acknowledgment by a notary public.

An interspousal transfer deed, more technically called an interspousal transfer grant deed, is a legal document used to give sole ownership of shared property, such as a house, to one person in a marriage. They are commonly employed in divorce cases to transfer community property to one spouse.

You will need to have the quitclaim deed notarized with the signatures of you and your spouse. Once this is done, the quitclaim deed replaces your former deed and the property officially is in both of your names. You must record the deed at your county office.

Property can be transferred between two spouses to one spouse, or from one spouse to the other, by using this type of deed. Interspousal deeds can be used in other ways as well. For example, a mortgage lender may ask the spouse of the borrower to sign an interspousal transfer deed.

We recommend you consult with an experienced real estate lawyer for professional advice as each circumstance is unique. (Please note, the fee for our office to add someone to your deed is $650.00, plus recording costs and documentary stamps ? recordings costs are normally less than $50.00.)

More info

The grantor in a quit claim is merely selling any claim he has to the property which may be no claim. A quitclaim deeds affects only how the property is titled.It has no effect on the debts or loan obligations of both husband and wife. Get free access to the complete judgment in FERNANDEZ v. Covenant - Agreement or promise. Curtesy - The common law interest of a husband in estate of deceased wife. Separate property in the names of the husband and wife, creates a joint tenancy, not community property. B.A. Princeton University. J.D., University of Michigan. Property Management Company in Hamilton Township, Mercer County, New Jersey.

Albuquerque New Mexico Quitclaim Deed from Corporation to Husband and Wife

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FAQ

How do I add someone to the deed of my house in Maryland?

How do I file a quitclaim deed in New Mexico?

Should my wife be on the house deed?

What is a spousal transfer?

How can I put my wifes name on my house?

How do I transfer property to a family member in New Mexico?

What does Interspousal transfer mean?

Can I add my wife to the deed after quitclaim deed?

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Albuquerque New Mexico Quitclaim Deed from Corporation to Husband and Wife

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How to fill out Albuquerque New Mexico Quitclaim Deed From Corporation To Husband And Wife?

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