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Owner's or Seller's Affidavit of No Liens - Rhode Island

Owner's or Seller's Affidavit of No Liens - Rhode Island 2025

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The document is an Owner's (Seller's) Affidavit from the State of Rhode Island, where the sellers affirm their ownership and legal status regarding a property. It includes declarations about their age, marital status, absence of liens or debts related to the property, no pending lawsuits or bankruptcy proceedings, and confirms that there are no hidden structural defects or easements affecting the property. The affidavit emphasizes the truthfulness of these statements under penalty of perjury and acknowledges reliance by mortgagees and title insurance companies.

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How to fill out an affidavit of sellers gain?

To fill out the affidavit of sellers gain, follow these steps: Gather the necessary information: You will need details about the property being sold, such as the address, purchase date, and sale price. Complete the personal information section: Fill in your full name, address, and contact information.

What is the purpose of an affidavit?

Affidavits can occur any time a formal promise is made, and they are often used as a form of documentation tied to a specific person in the proceedings. They are often used in court to serve as evidence toward a singular side in a dispute, or to affirm a claim that someone is making.

What is a sellers affidavit?

The affidavit is a sworn statement of fact that specifies the seller of a property holds the title to it. In other words, its proof that the seller owns the property.

What does affidavit mean in real estate?

An owners affidavit is a legal document that provides a sworn declaration of property ownership and status. It assures buyers and lenders that the seller holds a clear title to the property, free from claims or liens, and affirms the right to sell or mortgage it.

What is a no lien affidavit?

An affidavit of no lien is beneficial for the purchaser of a property and the purchasers title insurance company because it ensures that the property being purchased does not have liens on it with amounts owing for materials, services, labor, etc.

Owner&#039;s or Seller&#039;s Affidavit of No Liens - Rhode Island 2025