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This affidavit is a legal document used in North Carolina for transactions involving the sale of a single-family residence under HUD Repossession properties. It certifies the seller\'s eligibility and provides essential details of the sale, including occupancy status, total acquisition costs, and the absence of undisclosed agreements. This document affirms the seller\'s understanding of the legal implications of the affidavit and the penalties for fraudulent statements.

How to fill out seller affidavit

How to fill out seller affidavit

1. Begin by obtaining the appropriate seller affidavit form from your local real estate office or online resources.
2. Fill in your personal information, including your name, address, and contact details.
3. Provide details about the property being sold, such as the address, parcel number, and a brief description.
4. Specify the sale price of the property.
5. Include a section where you declare any known defects or issues with the property.
6. Sign and date the affidavit, ensuring that it is notarized if required by your state or local jurisdiction.

Who needs seller affidavit?

1. Sellers of real estate who need to disclose information about the property sale.
2. Buyers who require verification of the seller's claims regarding the property's condition.
3. Lenders who need assurance of property ownership and its legal status during the financing process.

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What is seller affidavit?

A seller affidavit is a legal document that provides a sworn statement from the seller of a property, confirming certain details about the sale, such as the seller's identity, the property details, and potentially the condition of the property.

Who is required to file seller affidavit?

Typically, the seller of the property is required to file a seller affidavit, especially in real estate transactions where disclosures are mandated.

How to fill out seller affidavit?

To fill out a seller affidavit, one must provide accurate information regarding the property, seller details, and any material facts that may affect the sale. The form usually requires signature and notarization.

What is the purpose of seller affidavit?

The purpose of a seller affidavit is to provide a formal declaration of the seller's claims about the property to ensure transparency and protect the interests of all parties involved in the transaction.

What information must be reported on seller affidavit?

Information that must be reported on a seller affidavit typically includes the seller's name, property address, a description of the property, details of any known defects or issues, and a statement confirming the truthfulness of the information provided.