Content Overview
The Texas residential property affidavit T-47 form plays a crucial role in real estate transactions across the state. This form is primarily used to confirm the ownership and condition of a residential property, serving as a vital document for buyers, sellers, and lenders alike. By providing detailed information about the property, including its boundaries and any existing liens or encumbrances, the T-47 helps ensure transparency in the transaction process. Additionally, this affidavit is often required by title companies when issuing title insurance, making it an essential component for protecting all parties involved. Notably, the form must be completed accurately and signed under oath, reinforcing the importance of honesty in property dealings. Understanding the T-47 form is key for anyone navigating the Texas real estate market, as it safeguards interests and streamlines the closing process.
Additional PDF Templates
Dr-835 - File the Tax POA DR 835 to streamline your tax interactions with the IRS.
Rst Form Army - Responsibilities for completing the form can vary, depending on the training circumstances.
When engaging in a real estate transaction in Texas, utilizing the correct documentation, such as the Texas Real Estate Purchase Agreement, is vital for clarity and legal protection. This agreement not only defines the specifics of the sale but also helps to prevent misunderstandings, ensuring all parties are aware of their responsibilities. For those looking to obtain a reliable template for this agreement, you can find it at https://legalpdfdocs.com, which will guide you through the necessary details.
High School Transcript - Official transcripts are usually sent directly from the school.
Similar forms
- Title Affidavit: Similar to the T-47, a Title Affidavit verifies ownership and confirms that there are no outstanding liens or claims against the property. This document is often used during real estate transactions to ensure clear title transfer.
- Property Deed: A Property Deed serves as the legal document that transfers ownership of real estate from one party to another. Like the T-47, it provides essential information about the property and the parties involved in the transaction.
- Hold Harmless Agreement: This document protects one party from legal liabilities incurred by another, ensuring that businesses and individuals in Arizona can engage in activities with minimized risk. Learn more about this important legal tool: Hold Harmless Agreement.
- Affidavit of Heirship: This document is used to establish the heirs of a deceased property owner. Similar to the T-47, it provides a sworn statement regarding property ownership, often necessary when transferring property without a formal will.
- Mortgage Affidavit: A Mortgage Affidavit confirms the details of a mortgage agreement. It shares similarities with the T-47 in that it provides sworn statements about the property and the obligations of the parties involved in the mortgage process.
Document Specifics
| Fact Name | Description |
|---|---|
| Purpose | The T-47 form is used to provide a sworn statement regarding the property improvements and the extent of the property. |
| Governing Law | This form is governed by the Texas Property Code, specifically Section 5.008. |
| Who Uses It | Homeowners and sellers typically use the T-47 form during real estate transactions. |
| Submission | The completed form must be submitted to the title company or lender involved in the transaction. |
| Affidavit Requirement | The form requires the homeowner to affirm that the information provided is accurate and complete. |
| Notarization | Notarization is required for the T-47 form to ensure the authenticity of the signature. |
| Property Description | The form includes a detailed description of the property, including any improvements made. |
| Impact on Title Insurance | Providing accurate information on the T-47 can affect the issuance of title insurance. |
| Deadline | The T-47 form should be completed and submitted prior to closing on the property sale. |
Things You Should Know About This Form
-
What is the Texas residential property affidavit T-47 form?
The T-47 form is an affidavit used in Texas real estate transactions. It serves as a declaration by the property owner regarding the property’s boundaries and any improvements made. This form is often required by lenders to confirm the status of the property before issuing a mortgage.
-
Who needs to complete the T-47 form?
The property owner or the seller is responsible for completing the T-47 form. This is typically required when a property is being sold or refinanced. It is important for the seller to provide accurate information to avoid potential disputes later.
-
What information is required on the T-47 form?
The T-47 form requires details such as the property owner’s name, the legal description of the property, and a description of any improvements made to the property. The form also includes a statement regarding the property boundaries and any encroachments.
-
Is the T-47 form legally binding?
Yes, the T-47 form is a legally binding document. By signing the affidavit, the property owner certifies that the information provided is true and accurate. Misrepresentation can lead to legal consequences, including potential liability for damages.
-
How is the T-47 form submitted?
The completed T-47 form is typically submitted to the title company handling the real estate transaction. The title company will review the form as part of the closing process. It may also be recorded with the county clerk’s office, depending on local regulations.
-
Are there any fees associated with the T-47 form?
There are generally no specific fees for completing the T-47 form itself. However, there may be costs associated with the overall real estate transaction, including title insurance fees and recording fees. It is advisable to check with the title company for any applicable charges.
-
Can the T-47 form be amended after submission?
Once the T-47 form is submitted and signed, it is typically considered final. If there is a need to amend the information, a new affidavit may need to be completed. It is essential to communicate any changes to the title company promptly.
-
Where can I obtain a copy of the T-47 form?
The T-47 form can be obtained from various sources, including title companies, real estate agents, and online legal document providers. It is important to ensure that you are using the most current version of the form to comply with Texas regulations.
Documents used along the form
The Texas residential property affidavit T-47 form is an important document in real estate transactions, especially when dealing with property ownership and title issues. Alongside the T-47, there are several other forms and documents that may be necessary to ensure a smooth process. Below is a list of commonly used documents in conjunction with the T-47.
- Warranty Deed: This document transfers ownership of property from one party to another, guaranteeing that the seller has clear title to the property and the right to sell it.
- Title Commitment: Issued by a title company, this document outlines the terms under which a title insurance policy will be issued, including any exceptions or liens against the property.
- Transfer-on-Death Deed: This form allows property owners to transfer their real estate to designated beneficiaries upon their death, avoiding the probate process. For more information, visit transferondeathdeedform.com/north-carolina-transfer-on-death-deed.
- Property Survey: A detailed drawing that shows the boundaries, dimensions, and features of the property. It helps identify any encroachments or easements that may affect ownership.
- Closing Disclosure: A document that provides the final details of the mortgage loan, including the loan terms, monthly payments, and closing costs. This is typically provided to the buyer at least three days before closing.
- Bill of Sale: This document transfers ownership of personal property (like appliances or furniture) that may be included in the sale of the real estate.
- Affidavit of Heirship: Used when a property owner passes away without a will, this document establishes the heirs of the deceased and can help transfer property ownership to them.
- Homeowners Association (HOA) Documents: If the property is part of an HOA, these documents outline the rules, regulations, and fees associated with the community.
Understanding these documents can significantly ease the process of buying or selling property in Texas. Each plays a crucial role in ensuring that all parties are informed and protected throughout the transaction. When properly managed, these documents help facilitate a successful real estate experience.
Texas residential property affidavit T-47 Preview
(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