Affidavit of Occupancy and Financial Status - Alaska 2025

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What is an Occupancy Affidavit? An Occupancy Affidavit is a document in which a homeowner confirms that a property being financed will serve as the homeowners principal residence.
An affidavit is a written statement in which the signer or affiant verifies that the document is true. They differ from sworn oaths only in that the relevant parties must sign them instead of swearing them out loud. The person swearing to this written statement is called the affiant.
Affidavits are sworn statements made in writing; theyre the written version of testifying under oath. Many affidavits need to be notarized to be legally valid, especially when used in court cases or other legal proceedings. By getting notarized, affidavits are shielded against deceit, confirming their genuineness.
In a nutshell, the document confirms that a financed property will serve as a homeowners principal residence. The purchaser signs the affidavit promising to occupy the property.
The Signature and Name Affidavit is a document used to protect the lender and title company from possible fraud by confirming the following: 1. The borrower is signing documents with his or her correct legal name. 2. The borrowers signatures used in executing the loan documents are true and correct.
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