Iowa Affidavit of Occupancy and Financial Status

State:
Iowa
Control #:
IA-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.

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FAQ

If you lie on this document, you are lying to the court.Depending on how serious your untruth, lying on a financial affidavit could mean that your spouse is awarded a larger portion of the marital assets, something that could negatively impact your financial situation for many years to come.

The main purpose of a financial affidavit is to provide the court with an explanation of a party's financial circumstances. Without this information, the court would be unable to make financial orders or orders concerning property distribution.

Docket number and name of the case, including names of both parties. Your income from all sources, including overtime, bonuses, social security, tips, interest, other spousal support, and commissions.

In all contested (and some uncontested) divorces, the Courts require each spouse to file what's called a Financial Affidavit, a formal document that details the typical financial factors that play a role in every marriage: how much you earn (income), how much you spend (expenses), how much you own (assets), how much

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Iowa Affidavit of Occupancy and Financial Status