Mississippi Affidavit of Title
What this document covers
An Affidavit of Title is a sworn statement made by individuals certifying specific facts about a property. This legal document provides assurance that the seller has the full right to sell the property and that it is free from any undisclosed encumbrances. Unlike other affidavits, the Affidavit of Title is specifically focused on the ownership status of a property, making it essential in real estate transactions.
Main sections of this form
- Identification of company representatives: Names and titles of individuals executing the affidavit.
- Statement of authority: Declaration that the signatories have the authority to sell the property on behalf of the corporation.
- Statement of title: Assurance that the property is free and clear of encumbrances, except those disclosed.
- Property description: Clear identification of the property being sold.
- Notary acknowledgment: Stamp and signature from a notary public verifying the authenticity of the signatures.
State-specific requirements
This Affidavit of Title is tailored for use in Mississippi and must comply with state laws regarding property transfers. Ensure that the notarization is completed in accordance with Mississippi regulations.
Situations where this form applies
This form should be used when a corporation is selling its interest in a property. It is typically required during real estate transactions to establish clear ownership and confirm that the property is free from legal claims. If you are involved in a corporate sale or transfer of property, using this affidavit will help secure the transaction and protect against potential future disputes.
Who this form is for
This form is suitable for:
- Corporation officers, particularly the President and shareholders.
- Legal representatives involved in real estate transactions.
- Individuals and entities looking to transfer property ownership securely.
Completing this form step by step
- Identify the parties involved, including their roles and titles.
- Specify the property being sold using a clear description.
- Indicate any disclosures related to encumbrances or liabilities.
- Fill in the date and ensure all signatures are gathered.
- Have the document notarized by a certified notary public.
Is notarization required?
This form needs to be notarized to ensure legal validity. US Legal Forms provides secure online notarization powered by Notarize, allowing you to complete the process through a verified video call, available anytime.
Common mistakes to avoid
- Failing to include all required signatures and titles.
- Not providing a detailed property description.
- Neglecting to have the affidavit notarized properly.
- Omitting relevant disclosures related to encumbrances.
Advantages of online completion
- Immediate availability for download, allowing quick access to the form.
- Editability enables customization according to specific needs.
- Convenient and secure process compared to traditional methods.
What to keep in mind
- The Affidavit of Title protects both buyers and sellers by clarifying property ownership.
- It is essential for corporate entities involved in property transfers.
- Proper completion and notarization are critical for the affidavit's legal validity.
Form popularity
FAQ
A Certificate of Title Surety Bond (also known as a Bonded Title, Defective Title Bond, Lost Vehicle Title Bond or DMV Bond) allows a vehicle owner to claim ownership and register the vehicle with the state when a title has been lost, stolen or is missing.Title Bonds in Mississippi are provided for a 3 year term.
In Mississippi, there is a $9 fee for every motor vehicle title transfer (original or duplicate). A Fast Track title is also available for an additional 30 dollars if you wish expedited processing of your title application.
If you have the California Certificate of Title for the vehicle, the seller signs the title to release ownership of the vehicle. The buyer should then bring the signed title to a DMV office to apply for transfer of ownership.
Make sure to get a completed title from the seller. Complete the Application for Mississippi Title and License. Get insurance on the car and provide proof. Take this information to the DOR office, along with your license, and money for your title transfer fee, registration costs, and taxes.
In simple situations where you own the vehicle outright and wish to transfer ownership to someone else, all you must do is complete a title certificate. Once you have filled out and signed the certificate, the buyer or recipient can take the title to a local DMV office and officially transfer ownership.
Generally, the title transfer requirements include: The current title, the assignment filled in by the donor or seller, and notarized. A complete application for the replacement certificate of title.
Generally, the title transfer requirements include: The current title, the assignment filled in by the donor or seller, and notarized. A complete application for the replacement certificate of title.
Obtain a properly assigned title from the seller. Complete an Application for Mississippi Title and License (Form 78-002). Visit your local MS DOR office. Pay the appropriate title transfer fees, taxes, and registration fees.
Directly under the statement Assignment of title by registered owner, write in the date the car was sold. On the next line, write in the name or names of the buyers and their address. On the next line, write in the odometer reading. Where it says Signature(s) of buyer, the buyer or buyers must sign the title.
