Residential real property affidavit 2025

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This Affidavit is made in lieu of a Mortgage Loan Inspection Sketch or plan of a standard boundary survey for the purpose of inducing COMMONWEALTH LAND TITLE INSURANCE COMPANY to issue its loan policy or loan policies, insuring the title to said property without exception to or providing insurance against, loss or
Real Property Affidavit. The T-47 is an affidavit that allows the seller to share knowledge with the buyer about the homes boundaries and other related issues. It is provided to the buyer with an existing survey.
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.
The purpose of the Affidavit of Facts is to provide a formal declaration of facts related to real estate. It serves to confirm ownership and to document the intent of the affiant in relation to the property in question. This is crucial in ensuring transparency and legal compliance in real estate transactions.