Get the free CITI Arm Length Affidavit non FHLMC - Statewide Short Sales

AFFIDAVIT OF ARMS LENGTH TRANSACTION All Parties to the contract on the premises: Seller Property address (Mortgaged Premises): Seller Address Seller City, ST, ZIP Hereby affirm that this is an Arms

How to fill out citi arm length affidavit

How to fill out citi arm length affidavit:

1. Obtain the citi arm length affidavit form from the appropriate source. This may be from the Citi bank website, a local branch, or through a real estate professional.
2. Read through the instructions carefully to understand the purpose and requirements of the affidavit.
3. Begin by providing your personal information, including your full name, address, phone number, and any other requested details.
4. Identify the property in question by providing its address and any specific identifying information.
5. If you are representing a business entity, provide the necessary details such as the company name, address, and contact information.
6. State your relationship to the property and the transaction in which the affidavit is being filed.
7. Confirm that the transaction is conducted on an arm's length basis, meaning that it is carried out between two independent parties with no special relationship or conflict of interest.
8. Declare that the information provided in the affidavit is true and accurate to the best of your knowledge.
9. Sign and date the affidavit, indicating your agreement to its contents.
10. Keep a copy of the completed affidavit for your records.

Who needs citi arm length affidavit:

1. Individuals or entities involved in real estate transactions with Citi bank as one of the parties may need to fill out the citi arm length affidavit.
2. This affidavit is typically required when there is a potential conflict of interest or special relationship between the parties involved, and it serves to ensure that the transaction is conducted on fair and genuine terms.
3. Real estate agents, lenders, buyers, sellers, or any other party directly or indirectly involved in a real estate transaction with Citi bank may be required to submit this affidavit. The specific circumstances and requirements for when a citi arm length affidavit is needed may vary, so it's important to consult with Citi bank or a legal professional for specific guidance.

For pdfFiller’s FAQs

What is citi arm length affidavit?

Citi arm's length affidavit is a legal document used to demonstrate that a transaction between two related entities is being conducted at arm's length, meaning the transaction is between unrelated parties and is fair and competitive.

Who is required to file citi arm length affidavit?

Both parties involved in a transaction with a related party are required to file citi arm length affidavit.

How to fill out citi arm length affidavit?

The citi arm's length affidavit should be completed by providing detailed information about the transaction, the relationship between the parties, and the basis for determining that the transaction is arm's length.

What is the purpose of citi arm length affidavit?

The purpose of citi arm's length affidavit is to ensure that transactions between related parties are conducted at arm's length and comply with tax regulations.

What information must be reported on citi arm length affidavit?

The citi arm's length affidavit should include details about the transaction, the parties involved, the nature of the relationship, and the reasoning for why the transaction is arm's length.

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