Affidavit Of Occupancy Form With 2 Points

State:
Massachusetts
Control #:
MA-CLOSE88
Format:
Word; 
Rich Text
Instant download

Description

This Affidavit of Occupancy and Financial Status form is for buyer(s) to certify at the time of closing that he/she/they will occupy the property as his/her/their primary residence and that there has been no change in his/her/their financial status since the time the loan application was made.

How to fill out Massachusetts Affidavit Of Occupancy And Financial Status?

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Affidavit

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FAQ

The documents that can prove occupancy are: Utility bills dated within three months before the disaster: Electric, gas, oil, trash, water/sewer bills that show the name of the applicant or the co-applicant and the address of the disaster-damaged residence.

Owner Occupancy as a Requirement In return, these government-backed loans absolutely require owner occupancy. FHA and VA loans are intended solely for primary residences and multi-unit properties (up to four units) where the owner lives onsite.

A Certificate of Occupancy (CO) is required for new residential or commercial building structures for living or business purposes. In order to receive a CO, the following must exist for the job: All final inspections have been completed with a "pass" disposition, including fire if applicable.

Lending companies cannot force a homeowner to live in a home when they have legitimate reasons or even desires to move. However, to get out of the owner-occupancy clause on a primary residence home loan, the owner should be able to prove that they had every intention of occupying the home at the time of purchase.

Certificates of Occupancy will be issued within ten (10) working days. Under no circumstances may any building be occupied or used until a Certificate of Occupancy / Approval is issued. A penalty of $2,000 will be assessed!

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Affidavit Of Occupancy Form With 2 Points