Virginia Affidavit of Payment Prior to Sale or Refinance - Individual
Understanding this form
The Affidavit of Payment Prior to Sale or Refinance is a document that confirms whether the seller of a residential property has paid all contractors and suppliers for work done on the property within the last 120 days. This affidavit is crucial because it protects the buyer or lender by ensuring there are no outstanding claims related to unpaid labor or materials. It differs from other affidavits by specifically addressing payment status prior to transferring property ownership or refinancing a mortgage.
What’s included in this form
- Identification of the property being sold or refinanced.
- Declaration of the ownerâs or agent's relationship to the property.
- Confirmation that all contractors and suppliers have been paid or listing those who have not.
- Signature of the owner, along with their printed name.
- Notary section for certifying the affidavit.
Situations where this form applies
This form should be used when selling or refinancing a one-family or two-family residential dwelling unit. It is particularly necessary when the owners have made improvements to the property and need to affirm payment to avoid disputes that could arise from unpaid labor or materials during the settlement process.
Who should use this form
- Property owners selling residential properties.
- Lenders refinanced mortgages on one-family or two-family homes.
- Real estate agents involved in transactions that require proof of payment to contractors.
Completing this form step by step
- Provide the county or city where the property is located.
- Enter the owner's name or the agent acting on behalf of the owner.
- Specify the property address and any relevant description.
- Indicate whether all persons for labor and materials have been paid or list those who have not, including their names and amounts owed.
- Sign and date the affidavit before a notary public.
Notarization guidance
Notarization is required for this form to take effect. Our online notarization service, powered by Notarize, lets you verify and sign documents remotely through an encrypted video session, available 24/7.
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Make edits, fill in missing information, and update formatting in US Legal Forms—just like you would in MS Word.
Download a copy, print it, send it by email, or mail it via USPS—whatever works best for your next step.
Sign and collect signatures with our SignNow integration. Send to multiple recipients, set reminders, and more. Go Premium to unlock E-Sign.
If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.
We protect your documents and personal data by following strict security and privacy standards.
Typical mistakes to avoid
- Failing to list all unpaid contractors or suppliers.
- Not providing a complete property address.
- Omitting the notary's signature and seal, which makes the form invalid.
Benefits of completing this form online
- Immediate access to a legally vetted template drafted by licensed attorneys.
- Ability to download and complete the form at your convenience.
- Minimized risk of errors with clear guidance provided throughout the document.
