Carl Glendon

Why is an Affidavit of Title Important?

An Affidavit of Title refers to a legal document that is offered on a piece of property by a seller. It states explicitly the status of possible legal problems involving the seller or the property. Read and find out how an affidavit template free document works and why it is important.

It is a statement of sworn fact

This is a sworn statement of fact which mentions that the title to a property is held by the seller. Basically, it serves as a proof that the owner of the property is actually the seller. It is also an attestation that some other important facts related to the property are actually valid, as the seller has sworn and as notarized duly.

For instance, somebody who wants to sell a piece of property would need to offer an Affidavit of Title. It would be an indication that the seller owns the property and it is not being sold to some other party. It also proves that there are no unpaid taxes or liens against the property. It is also an indication that the seller is not involved in bankruptcy proceedings.

Extends legal protection to the buyer of real estate

An affidavit of title is a legal notarized document which is designed to protect the interests of a real estate buyer. Most title companies and states need a legal affidavit form Connecticut during real estate transactions. This document is offered by a property seller attesting to any legal issues, ownership facts, status and some other relevant facts about a piece of real estate.

The buyer is protected from any outstanding legal problem that the seller might be facing in relation to the property in question. In case some problem arises in the future after the transaction has occurred, the buyer can show the Affidavit of Title in court and claim that he or she has nothing to do with those issues.

Includes exclusions

An affidavit of title might have specific exclusions. There can be broader exclusions including various things such as encroachments easements etc that might not be mentioned on public records. It is an important piece of document that covers various essential points related to a real estate transaction.

About Author:

Carl writes often about legal drafting of rental & commercial lease agreements, affidavit and bill of sale to help the people in needs. Please visit this site to get a legal affidavit form Connecticut.