The Texas residential property affidavit T-47 form is a document used to confirm ownership and details about a residential property. This form serves as a vital tool for property owners, ensuring that important information is accurately recorded and verified. Understanding its purpose can simplify the process of property transactions.
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The Texas residential property affidavit T-47 form plays a crucial role in real estate transactions within the state. This document is primarily used to confirm the ownership and condition of a property, serving as a declaration by the seller regarding any changes that may have occurred since the last title examination. It includes important details such as the property’s current status, any improvements made, and the absence of certain encumbrances. Buyers and lenders rely on this affidavit to ensure transparency and protect their interests during the purchase process. Completing the T-47 form accurately is essential, as it helps facilitate a smooth closing and minimizes the risk of future disputes. Understanding its components and implications is vital for anyone involved in Texas real estate transactions.
Filling out the Texas residential property affidavit T-47 form is a straightforward process. This form is essential for property owners to affirm certain details about their property. Once completed, it will need to be submitted to the appropriate county office for recording.
Here are some key takeaways about filling out and using the Texas residential property affidavit T-47 form:
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The Texas residential property affidavit T-47 form is a critical document used in real estate transactions, particularly for clarifying the ownership and condition of the property. Alongside this form, several other documents are commonly utilized to ensure a smooth transfer of property ownership and to provide necessary disclosures. Below is a list of these documents, each serving a specific purpose in the transaction process.
Each of these documents plays a vital role in the real estate transaction process in Texas. Together with the T-47 form, they help ensure that all parties are informed and protected throughout the buying and selling of residential property.
T-47 RESIDENTIAL REAL PROPERTY AFFIDAVIT
(MAY BE MODIFIED AS APPROPRIATE FOR COMMERCIAL TRANSACTIONS)
Date:___________________________________ GF No.___________________________________
Name of Affiant(s):__________________________________________________________________
Address of Affiant:___________________________________________________________________
Description of Property:_______________________________________________________________
County__________________________________ , Texas
"Title Company" as used herein is the Title Insurance Company whose policy of title insurance is issued in reliance upon the statements contained herein.
Before me, the undersigned notary for the State of ________________, personally appeared Affiant(s) who after by
me being sworn, stated:
1.We are the owners of the Property. (Or state other basis for knowledge by Affiant(s) of the Property, such as lease, management, neighbor, etc. For example, “Affiant is the manager of the Property for the record title owners.”)
2.We are familiar with the property and the improvements located on the Property.
3.We are closing a transaction requiring title insurance and the proposed insured owner or lender has requested area and boundary coverage in the title insurance policy(ies) to be issued in this transaction. We understand that the Title Company may make exceptions to the coverage of the title insurance as Title Company may deem appropriate. We understand that the owner of the property, if the current transaction is a sale, may request a similar amendment to the area and boundary coverage in the Owner’s Policy of Title Insurance upon payment of the promulgated premium.
4.To the best of our actual knowledge and belief, since _______________________________ there have been no:
a.construction projects such as new structures, additional buildings, rooms, garages, swimming pools or other permanent improvements or fixtures;
b.changes in the location of boundary fences or boundary walls;
c.construction projects on immediately adjoining property(ies) which encroach on the Property;
d.conveyances, replattings, easement grants and/or easement dedications (such as a utility line) by any party affecting the Property.
EXCEPT for the following (If None, Insert “None” Below:)
5.We understand that Title Company is relying on the truthfulness of the statements made in this affidavit to provide the area and boundary coverage and upon the evidence of the existing real property survey of the Property. This Affidavit is not made for the benefit of any other parties and this Affidavit does not constitute a warranty or guarantee of the location of improvements.
6.We understand that we have no liability to Title Company that will issue the policy(ies) should the
information in this Affidavit be incorrect other than information that we personally know to be incorrect and which we do not disclose to the Title Company.
_________________________________________
SWORN AND SUBSCRIBED this ______ day of __________________, 20_______.
_______________________________________
Notary Public
When filling out the Texas residential property affidavit T-47 form, it's important to follow certain guidelines to ensure accuracy and compliance. Here’s a helpful list of things to do and avoid: