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Affidavit of purchaser

AFFIDAVIT OF PURCHASER AT FORECLOSURE SALE 2025

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The document is an Affidavit of Purchaser at Foreclosure Sale, which is to be recorded with the Sheriff's Deed. It outlines the legal framework under Michigan law for a purchaser at a foreclosure sale, detailing the authority of the affiant, the conditions under which the affidavit can be used, and information regarding property redemption including deadlines and costs. The affidavit must be executed by an authorized representative of the purchaser and includes provisions for assistance in calculating redemption amounts.

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2016	4.6 Satisfied (26 Votes)

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What is a foreclosure affidavit?

The affidavit must provide that the loan servicer or mortgage holder has a legal right to foreclose. It must state a valid cause, which usually means the homeowner has defaulted on their mortgage payments.

What is a buyers affidavit?

This affidavit adds a layer of legal assurance for the buyer and helps to establish transparency and trust in the real estate transaction. In essence, an affidavit is a formal way of saying, I promise that what Im telling you is true, and it serves as a crucial document in various legal and real estate matters.

What is a purchaser affidavit?

Affidavit of Purchaser means, with respect to a Mortgage Loan, the completed affidavit, as amended from time to time, executed by each person who signs the Mortgage.

Who or what is paid first from a sale at foreclosure?

In general, distribution of proceeds from a trustee sale in foreclosure priority order: Costs and Expenses of sale, including payment of trustees fees and attorneys fees. Purchase-Money Security Interest or Secured Deed or Senior Mortgage. Secured Junior Liens or encumbrances in the order of their priority.

What is a purchasing affidavit?

A closing affidavit is a legal document that verifies specific details at the end of a legal process. Its used in a variety of contexts, ranging from finalizing legal matters and business transactions to certifying project completions and concluding real estate sales.