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Get 253 Affidavit Ny
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How to fill out the 253 Affidavit Ny online
The 253 Affidavit Ny is a crucial document for mortgagees in New York seeking exemption from specific mortgage taxes. This guide provides a clear, step-by-step approach to completing the affidavit online, ensuring users can navigate the process confidently.
Follow the steps to complete the 253 Affidavit Ny accurately.
- Click 'Get Form' button to access the affidavit and open it for editing.
- In the first section, enter the name of the individual making the affidavit, who is referred to as the deponent. This should include your full name.
- Fill out the county section where the affidavit is being signed. Ensure that you specify both the county name and the location.
- Under the details of the mortgagor, input the name of the person or entity who borrowed the funds, referred to as the Mortgagor. Make sure to be precise and correct.
- Next, enter the name of the mortgagee, or the lender. This is the entity that will hold the mortgage.
- Indicate the date on which the mortgage was created. This is essential for the legitimacy of the affidavit.
- State the principal sum of the mortgage. This figure should represent the total amount borrowed.
- Provide the amount of mortgage tax being tendered with the affidavit. This should reflect the calculated tax due.
- Certify the mortgagee's status as a natural person and affirm that the mortgaged premises meet the criteria for exemption, specifically mentioning it contains six or fewer residential units.
- In the final section, sign the affidavit. You will also need to indicate the date of signing, and ensure you have a notary public present to witness the signing and provide their details.
Complete your documents online for a streamlined experience.
The NYC Mortgage Recording Tax (MRT) is 1.8% for loans below $500k and 1.925% for loans of $500k or more. The MRT is the largest buyer closing cost in NYC.
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