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What are title affidavits?

An affidavit of title is a legal document provided by the seller of a piece of property that explicitly states the status of potential legal issues involving the property or the seller. The affidavit is a sworn statement of fact that specifies the seller of a property holds the title to it.

What does affidavit in lieu of title mean?

An affidavit in lieu is a sworn written statement that may be used in the place of something, like a lost auto title or registration to be used as proof of the facts contained therein.

What is a title insurance affidavit?

An Affidavit of Title is a legal document provided by the seller of a piece of property that explicitly states the status of potential legal issues involving the property or the seller. The affidavit is a sworn statement of fact that specifies the seller of a property holds the title to it.

What is an owner's affidavit?

Owner's Affidavit. In the event Purchaser purchases an Owner's Policy of Title Insurance, an executed affidavit or other document acceptable to Seller and the Title Company in issuing the Owner's Policy without exception for possible lien claims of mechanics, laborers and material men.

What is a vehicle affidavit?

What Is A Vehicle Sale Affidavit? A vehicle sale affidavit is a document prepared and sworn in the name of the buyer and usually attested by a notary public. And about the responsibilities of the buyer in transferring the titles and liabilities regarding the violations committed after delivery and unto such transfer.

How do you release a title?

First, the seller has to release ownership of the car by signing the title. The buyer then takes the signed title to the DMV, and the state issues a new registration and title. Some states might require additional paperwork to complete the process, such as a bill of sale or a transfer of ownership form.

What is a tax affidavit?

Transfer Tax Affidavit. The purpose of this form is to explain the nature of the transaction and to determine if the transfer is taxable. Transfer tax is based on the purchase price if it is a purchase. Additionally, transfers of leaseholds with a term of 35 years or more are subject to transfer tax.

What is a real estate tax affidavit?

Washington State Law requires that a Real Estate Excise Tax Affidavit be completed and signed prior to a deed being recorded to transfer ownership of real property. Type the name of the person releasing interest in the property (Seller). Type the name and address of the person gaining interest in the property (Buyer).

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