Affidavit of consideration form

Hi Sorayacarmona,

Welcome to Mortgagefit discussion board.

An Affidavit of Consideration is to be filed with any deed in which a full or partial exemption is claimed from Realty Transfer Fee.

There are 16 reasons which can be used to get full exemption from payment of the fee & partial exemption for blind or disabled, senior citizens and low & moderate income housing.

Do let me know if you have any other questions.

Thanks
Blue

The affidavit is to be annexed & recorded with deeds where entire consideration is not mentioned on the deed or when grantor claims a total or partial exemption from realty transfer fee.

There are 2 Affidavit of consideration forms, one for use by seller and the other by buyer.

You haven't mentioned which one you want to use, so I am providing you links for both:

http://www.state.nj.us/treasury/taxation/pdf/other_forms/lpt/rtf1ee.pdf and
http://www.state.nj.us/treasury/taxation/pdf/other_forms/lpt/rtfexempt.pdf

On these pages you will get to know when the full and partial exemptions available from realty transfer fee.

Also go through this page to know how much realty transfer fee is when consideration is in excess of $350,000 and when it is below this amount - http://www.state.nj.us/treasury/taxation/index.html?lpt/rtf.htm~mainFrame

Miller

Who signs these forms? Grantor or Grantee?

Hi Lois,

As far as I know, the grantor will sign the deed. However, it will be better if you could contact a real estate attorney and take his opinion in this matter.