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This video tutorial focuses on the importance of the owners affidavit in the refinance process. The owners affidavit is a simple statement declaring sole ownership of the property. It is a standard document in refinances and may or may not require notarization. It is essential to understand and explain the purpose of the owners affidavit to ensure compliance with the refinance requirements. The document clarifies that no one else has any interest in the property besides the owner. It is important to review the contents of the owners affidavit with the client to ensure their understanding.
