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What Is an Affidavit of Title?
When you sell a house, vacant land, or other property, you should follow certain guidelines. In the majority of cases, an Affidavit of Title is required from a property seller. It’s a legal document typically utilized in real estate transactions to verify information about the to-be-sold property and free the owner from legal liability for any unpaid debts.
What Do I Need the Affidavit of Title Form For?
Also known as the Seller’s Affidavit, the document is needed to state vital facts about the property in question. In a nutshell, the Affidavit of Title real estate specifies the seller’s marital status, confirms that the property seller is the owner, and verifies that there are no liens or encumbrances on the property. The file is signed under oath and should be witnessed by a notary public to become valid.
To sum this point up, here are the main purposes of the document:
- protecting a property buyer from unplanned legal issues;
- protecting a property buyer from becoming responsible for liens;
- shielding a buyer from ending up a victim of fraud.
In case any issues arise on the title post-sale, the purchaser can use the affidavit against the seller to hold them responsible. So, this document is very important when it comes to protecting the buyer, avoiding any miscommunication, and providing additional guarantees about the property. Providing incorrect or fraudulent information in the Affidavit of Title is illegal.
Where to Get an Affidavit of Title?
You can get the template of the document here, on PDFLiner. Along with this particular template, our extensive library of forms features a treasure trove of pre-designed templates that speed up your administrative affairs in the most effective way possible. Upon laying your hands on the form, you are free to fill it out digitally by making use of our platform’s PDF editing functionality. Enjoy using PDFLiner for inputting data into your files, adding editable fields, incorporating legally binding e-signatures, and infusing your files with branding design elements.
What Do I Do With an Affidavit of Title?
If you’re a property seller, your mission is to fill out the form with maximum accuracy in mind. If you’re a purchaser, store the document for further reference. In either case, because of the complexity of the matter, we recommend that you approach handling this document with the help of a reliable attorney and real estate specialist. That way, you’ll avoid any possible misunderstandings and miscommunication.
How to Fill Out the Affidavit of Title Template
Affidavits of Title vary based on the unique circumstances related to the property and the states where the docs are signed. Below, we’ve outlined the basic elements you should incorporate as you fill out a typical Affidavit of Title:
- The seller’s name and contact information.
- A statement confirming that the seller is the owner of the property.
- A statement confirming that the seller isn’t bankrupt.
- A statement confirming that the seller is not selling the house or land to anyone else.
- A statement that there are no liens on the property.
Affidavits of Title differ from one state or situation to another. For instance, as a seller, there might still be a mortgage on your property. In this case, the document will incorporate an exclusion specifying that there is a lien on the property.
Organizations That Work With Affidavit of Title Correction
- Real estate companies;
- law firms.
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Fillable online Affidavit of Title