Posted on: 06th Mar, 2011 11:18 am
3 partys involved.
3 siblings are listed on the deed. 1 wants to buy the others part of owner ship. There are 2 lots listed on the deed, lot#1 has the house and other structures, along with a pump water well. Lot#2 has no structures sewage or utilities on it. The 2 siblings would like to retain Lot#2 along with water rights from the well. Property has already been appraised for total value. All three partys have agreed to a sale price. There is no mortgage or leans on property. My question is, what type of forms and/or agreement need to be filled and filed. does property need to be servaid and restaked? Property is located in the state of New Mexico, USA.
3 siblings are listed on the deed. 1 wants to buy the others part of owner ship. There are 2 lots listed on the deed, lot#1 has the house and other structures, along with a pump water well. Lot#2 has no structures sewage or utilities on it. The 2 siblings would like to retain Lot#2 along with water rights from the well. Property has already been appraised for total value. All three partys have agreed to a sale price. There is no mortgage or leans on property. My question is, what type of forms and/or agreement need to be filled and filed. does property need to be servaid and restaked? Property is located in the state of New Mexico, USA.
Hi fidelbaca,
A quitclaim deed can be used in this matter. However, it will be better if you could contact a real estate attorney and take his/her suggestions in this matter. He/she will be able to guide you better in this matter.
A quitclaim deed can be used in this matter. However, it will be better if you could contact a real estate attorney and take his/her suggestions in this matter. He/she will be able to guide you better in this matter.