Residential Real Property Affidavits are known as T-47s. An annex is a notarized document that tells the buyer what the seller knows about the property’s boundaries.
What Is 47 Residential Real Property Affidavit?
When a buyer and seller wish to use an existing survey instead of purchasing a new one at the time of the sale, they need to provide the T-47. Some say it is the date the seller acquired the property from the previous owner.
Which Texas State Agency Promulgates The Residential Real Property Affidavit?
Seller is the answer. What Texas state agency issues Affidavit? Department of Insurance is the answer.
Is T-47 Required?
In this conversation, checkboxes (2) and (3) do not apply, as a T-47 is not required when using a new survey. Paragraph 6 is the only time you can use the T-47. The seller can use an existing survey in order to conduct the sale.
How Do I Get A T47?
What is the best place to get a T-47? The form can be obtained from your title company, the Texas Department of Insurance, or your agent can provide you with the Texas Association of Realtors version, such as this 1907 Residential Real Property Affidavit sample.
What Is A Survey Affidavit?
As a result of the prior survey, the seller has sworn to the effect that no changes have been made to the property since then, and that no other parties have any easements or rights to use the land.
Does A T-47 Need To Be Notarized?
In order to accept an offer and sign a contract, a seller must make sure that they have an accurate survey in their possession, and have signed and notarized a T-47 Affidavit (the T-47 is a sworn statement of seller that the existing survey is still accurate representations of the property).
What Is A Gf Number?
Whenever you communicate with the closer, you should use the GF number (for guaranty files) to identify the file. Opening title is the first step in closing the sale and issuing a policy for the title company. It is often called “opening title” and is the first step in setting up a working file for the transaction.