T 47 Affidavit Example What is a T 47 The T 47 is a Residential Real Property Afidavit It s a notarized document that tells the buyer what the seller knows about the home s boundaries Who needs the T 47
1 Within days after the effective date of this contract Seller shall furnish to Buyer and Title Company Seller s existing survey of the Property and a Residential Real Property Affidavit promulgated by the Texas Department of Insurance T 47 Affidavit The T 47 Residential Real Property Affidavit also known simply as the T 47 is a notarized form that complements a survey in a real estate transaction It is used when both parties to the transaction want to use an older survey from when the seller bought the home and is used to attest the correctness of the survey from the sellers point of view
T 47 Affidavit Example
T 47 Affidavit Example
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Over the years the Texas residential property affidavit also known under its short names Form T 47 and T 47 Affidavit has caused certain confusion amongst Texas residents We are about to clear the air for you a little Naturally when a real property unit is sold a proper title survey must be performed so that the future owner does not have any problems The T 47 is a Residential Real Property Affidavit It s a notarized document that tells the buyer what the seller knows about the home s boundaries Who needs the T 47
RESIDENTIAL REAL PROPERTY AFFIDAVIT T 47 Date GF No Name of Affiant s Address of Affiant Description of Property County Texas Name of Title Company Before me the undersigned notary for the State of personally appeared Affiant s who after by me being duly sworn stated We are the owners of the Property T 47 Residential Real Property Affidavit May be Modified as Appropriate for Commercial Transactions 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 or T 2R it shall provide the promulgated Deletion of Arbitration form to
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T 47 to make the form easier to use for example by clear ly listing the date of the survey the Form T 47 Residential Real Property Affidavit The policy to be issued shall cover the same land as described in the evidence of the existing real property survey The Company may if it considers the additional hazard Affidavit promulgated by the Texas Department of Insurance T 47 Affidavit If Seller fails to furnish the existing survey or affidavit within the time prescribed Buyer shall obtain a new survey at Seller s expense no later than 3 days prior to Closing Date If the existing survey or affidavit is not acceptable to Title Company or
Explanation of what the Texas Real Estate T 47 Property Affidavit form is and how to complete it T 47 AFFIDAVIT Information for Selers Understanding the T 47 Affidavit When you decide to sell property you must fill out a number of essential forms One of those required by the state of Texas is a T 47 Residential Real Property Afidavit It s essential for real estate
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T 47 Affidavit Example - The T 47 affidavit is a document used in Texas residential real estate transactions that accompanies an existing survey This video with Republic Title s Janet Allen and Scott Rooker covers the following key points when a T 47 affidavit is provided i Date of survey in paragraph 4 ii Construction projects on adjoining properties predating title iii