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OWNERS×SELLERS CLOSING AFFIDAVIT (SOUTH CAROLINA) STATE OF SOUTH CAROLINA SS: COUNTY OF, Note: In this instrument, the pronoun I shall mean We when there is more than one Owner×Seller. I, name of

How to fill out owner39sseller39s closing baffidavitb bsouth

How to fill out the owner's/seller's closing affidavit:

1. Start by obtaining the necessary form: The owner's/seller's closing affidavit is typically provided by the title company or attorney handling the closing process. Request a copy of this form from them.
2. Read the instructions carefully: Before filling out the affidavit, thoroughly read the accompanying instructions. This will help you understand the purpose and requirements of each section of the document.
3. Provide personal information: Begin by providing your personal details such as your full name, address, contact information, and any other information requested in the form.
4. Disclose property information: Fill in the details about the property being sold, including the address, legal description, and any other relevant information. This ensures that the affidavit specifically pertains to the correct property.
5. Declare ownership and title: State your ownership status and declare that you have the legal right to sell the property. If there are any known liens, mortgages, or encumbrances on the property, disclose them as well.
6. Sign and date the affidavit: Once you have filled in all the necessary information, carefully review the affidavit for accuracy. Then, sign and date the document in the presence of a notary public or a witness, if required.

Who needs an owner's/seller's closing affidavit?

1. Sellers: The owner's/seller's closing affidavit is typically required from the individual or entity selling the property. This affidavit helps ensure that the seller has the authority to transfer ownership and provides transparency regarding any outstanding obligations or issues related to the property.
2. Title companies and attorneys: Title companies and attorneys involved in the closing process often require the owner's/seller's closing affidavit to ensure the accuracy and legality of the transaction. It helps protect all parties involved and ensures a smoother closing process.
3. Buyers and lenders: The buyer or lender may also request the owner's/seller's closing affidavit as part of their due diligence or loan approval process. It provides them with information about the property's condition, ownership, and any potential risks or liabilities that could affect their investment or loan.

In summary, the owner's/seller's closing affidavit is a document that sellers must fill out during the closing process. It requires accurate information about the property and the seller's ownership status. This document is often required by title companies, attorneys, buyers, and lenders to ensure a smooth and legally compliant real estate transaction.

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