The California Confidential Statement of Information for Real Estate Purchase (also referred to as C.A.R. Form 17) is a document that must be completed by the seller of a property in the State of California when selling that property. It is an important part of the real estate transaction process and is used to provide the buyer with certain information about the property that is not included in the purchase contract. This information includes the seller’s full name, address, contact information, the property’s physical address and legal description, the approximate year of construction, and any known material defects or encumbrances attached to the property. The California Confidential Statement of Information for Real Estate Purchase can come in two forms: a standard form or a short form. The standard form is more comprehensive and requires the seller to disclose more information about the property than the short form. The short form only requires basic information about the property, such as the seller’s name, address, and contact information. Both forms are required to be completed in order for the sale to be valid, and failure to do so can result in the contract being voided. Additionally, the seller must sign and date the form in the presence of a notary public.
California Confidential Statement of Information for Real Estate Purchase
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How to fill out California Confidential Statement Of Information For Real Estate Purchase?
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FAQ
The Statement of Information is important because incorrect information can cause delays in closing. It establishes and confirms identity for the title company so they can check into any unresolved matters that affect real property like child support liens, judgments, bankruptcies, and more.
The statement of information is a one page document which requests the party's name, date of birth, social security number, current and previous addresses etc.
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.
A properly completed Statement of Information will allow the title company to differentiate between parties with the same or similar names when searching documents recorded by name. This protects all parties involved and allows the title company to carry out its duties efficiently, and without unnecessary delay.
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.
A Statement of Information is filed to divulge your company's activities over the prior year. This information is often most important to shareholders or other parties that have an interest in your company.