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Statements of Information provide title companies with the information they need to distinguish the buyers and sellers of real property from others with similar names.
The Statement of Information is a one-page document that asks for name, date of birth, social security number and current and previous addresses for both the buyer/borrower and seller.
The Statement of Identity establishes and confirms identity. Confirming identity will assist the Title Company to eliminate/resolve matters that affect real property such as child support liens, judgments, bankruptcies etc., filed against persons who have the same or similar names.
(For confidential use by the Title Company in searching the records in connection with the fie number shown below.) Property Address: ________________________________________________
In real estate, escrow is typically used for two reasons: To protect the buyer's good faith deposit so the money goes to the right party ing to the conditions of the sale. To hold a homeowner's funds for property taxes and homeowners insurance.