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(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
Document Information
| Fact Name | Description |
|---|---|
| Purpose | The T-47 form is used in Texas to provide a sworn statement regarding the ownership of a residential property, particularly in relation to title insurance and property transactions. |
| Governing Law | This form is governed by Texas Property Code and is often utilized in conjunction with Texas Title Insurance Act. |
| Who Uses It | Homeowners, sellers, and buyers typically complete the T-47 form during real estate transactions to confirm property details and ownership. |
| Notarization Requirement | The T-47 form must be notarized to ensure the authenticity of the signatures and the information provided within the document. |
| Filing Process | After completion, the T-47 form is submitted to the title company handling the property transaction, where it becomes part of the title insurance process. |
Texas residential property affidavit T-47 - Usage Guidelines
Once you have the Texas residential property affidavit T-47 form ready, you will need to complete it carefully to ensure all necessary information is provided. This document plays a crucial role in the property transaction process, and accuracy is essential. Follow the steps outlined below to fill out the form properly.
- Begin by entering the property address at the top of the form. Include the street number, street name, city, state, and ZIP code.
- Next, provide the name of the property owner. This should be the full legal name as it appears on the property title.
- In the designated section, fill in the date of acquisition. This is the date when the property was purchased or acquired.
- Indicate the type of property by checking the appropriate box. Options may include residential, commercial, or other classifications.
- Complete the section regarding current mortgage information. If there is a mortgage, include the lender's name and the loan number.
- Next, provide details about any liens or encumbrances on the property. List any existing liens along with their respective amounts.
- Sign and date the affidavit at the bottom of the form. Ensure that the signature is that of the property owner or authorized representative.
- Lastly, have the form witnessed and notarized if required. This adds an additional layer of validity to the document.
After completing the T-47 form, it is advisable to keep a copy for your records. You will then submit the original form to the appropriate authority, typically the county clerk's office, as part of your property transaction process.
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Dos and Don'ts
When filling out the Texas residential property affidavit T-47 form, it's important to follow certain guidelines to ensure accuracy and compliance. Here are five things you should and shouldn't do:
- Do read the instructions carefully before starting.
- Don't leave any required fields blank.
- Do provide accurate and truthful information.
- Don't use white-out or any correction fluid on the form.
- Do sign and date the form before submitting it.
Common mistakes
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Incorrect Property Description: Many individuals fail to provide a complete or accurate description of the property. Ensure that the address and legal description match the information on the deed.
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Missing Signatures: Some people forget to sign the affidavit. All required parties must sign the form to validate it. Double-check for signatures before submission.
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Inaccurate Dates: It's common to see errors in the dates filled out on the form. Make sure the date of execution is correct and reflects when the affidavit was signed.
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Failure to Notarize: A notarized affidavit is crucial. Some individuals neglect this step, which can lead to delays or rejection of the document. Always have the affidavit notarized before filing.