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Homepage Fill Out a Valid Texas residential property affidavit T-47 Template

Guide to Writing Texas residential property affidavit T-47

Filling out the Texas residential property affidavit T-47 form is a straightforward process. After completing the form, it will need to be submitted to the appropriate authority. Ensure that all information is accurate to avoid any delays.

  1. Begin by entering the date at the top of the form.
  2. Provide your name and contact information in the designated fields.
  3. Fill in the property address, including the city, state, and zip code.
  4. Indicate the legal description of the property. This information can usually be found on your property deed.
  5. State your relationship to the property, such as owner or agent.
  6. Sign and date the form where indicated.
  7. Include any additional required information or documentation as specified by the form instructions.
  8. Review the completed form for accuracy before submitting it.

Document Breakdown

Fact Name Description
Purpose The Texas residential property affidavit T-47 form is used to provide information about the property and confirm the seller's ownership and any existing liens or encumbrances.
Governing Law This form is governed by the Texas Property Code, particularly sections related to real estate transactions and property disclosures.
Usage Typically, the T-47 form is utilized during the sale of residential properties, ensuring that all parties have a clear understanding of the property’s status.
Signatures Required The affidavit must be signed by the seller, and it may need to be notarized to ensure its validity in the transaction process.

FAQ

  1. What is the Texas residential property affidavit T-47 form?

    The T-47 form is a document used in Texas real estate transactions. It serves as an affidavit that provides information about the property and confirms certain facts related to its ownership and condition. This form is typically used in conjunction with a title insurance policy to help clarify the status of the property being transferred.

  2. Who needs to complete the T-47 form?

    Generally, the T-47 form must be completed by the seller of the property or the current owner. It is crucial for individuals who are selling residential property to ensure that the form is accurately filled out, as it helps protect both the seller and the buyer during the transaction.

  3. When should the T-47 form be submitted?

    The T-47 form should be submitted during the closing process of a real estate transaction. It is typically provided to the title company or attorney handling the closing. Completing the form in a timely manner helps avoid delays in the transaction.

  4. What information is required on the T-47 form?

    The T-47 form requires several key pieces of information, including:

    • The property address
    • The names of the current owners
    • A description of any improvements made to the property
    • Details regarding any easements or encroachments

    Providing accurate information is essential to ensure a smooth transaction.

  5. Is the T-47 form legally binding?

    Yes, the T-47 form is a legally binding document. By signing it, the affiant (the person completing the form) is affirming that the information provided is true and accurate to the best of their knowledge. Misrepresentation or failure to disclose relevant information can lead to legal consequences.

  6. Can the T-47 form be amended after submission?

    Once the T-47 form has been submitted, it is generally not advisable to amend it. If changes are necessary, it is best to consult with a real estate attorney or the title company to determine the appropriate steps to take. Transparency is key in real estate transactions.

  7. What happens if the T-47 form is not completed?

    If the T-47 form is not completed, it could lead to delays in the closing process or even jeopardize the transaction. Title companies often require this form to issue a title insurance policy. Without it, buyers may face risks related to property ownership that could have been mitigated.

  8. Are there any fees associated with the T-47 form?

    There are typically no direct fees for completing the T-47 form itself. However, there may be costs associated with the overall closing process, including title insurance fees and attorney fees. It’s important to review all costs with your real estate agent or attorney.

  9. Where can I obtain a T-47 form?

    The T-47 form can usually be obtained from your real estate agent, title company, or attorney. It is also available online through various real estate resources. Ensure you are using the most current version of the form to avoid any issues.

  10. Can I fill out the T-47 form myself?

    Yes, you can fill out the T-47 form yourself, but it is advisable to consult with a real estate professional or attorney to ensure accuracy. They can provide guidance on how to complete the form correctly and help you understand its implications in your transaction.

Texas residential property affidavit T-47 Example

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