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Affidavit of Understanding & Addendum to Purchase Agreement

Category:
State:
Multi-State
Control #:
US-S057ST
Format:
Word; 
Rich Text
Instant download

Description

This affidavit is intended to be an ADDENDUM to a purchase contract with a seller in foreclosure, where your intention is to either short sale the deal, flip it or cure the loan and keep it.

An Affidavit of Understanding & Addendum to Purchase Agreement is a legal document that outlines any additional terms and conditions agreed upon by the purchaser and seller of a property. This document is used to supplement the original purchase agreement and serves as evidence of the understanding between both parties. It typically includes details such as the description of the property, the purchase price, the terms of payment, the closing date, and any special conditions that are agreed upon. The types of Affidavit of Understanding & Addendum to Purchase Agreement can vary depending on the nature of the agreement. Common types include a General Affidavit of Understanding & Addendum to Purchase Agreement, which outlines the general terms of the agreement, and a Special Affidavit of Understanding & Addendum to Purchase Agreement, which outlines specific terms that are in addition to the general terms of the agreement. Both types are legally binding and must be signed by both parties in order to be valid.

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FAQ

What information should an affidavit of one and the same person include? Your full legal name. How your name is spelled on your documents. Include the document type, number, place of issue and date of issue. A statement that the different spellings of your name refer to one and the same person, being yourself.

The last name change after marriage is considered 'other name' and you should create a 'multiple name affidavit' to prove both names belong to the same person. Some people add a middle name after marriage to add in-laws' last name to their full name. This new name is also considered a name that people know you with.

Drafting an Affidavit Appearances are important.Introduce yourself.Write in the first person about facts you know.Keep it as simple as possible.Stick to what is relevant.Don't guess.Be specific about conversations.Be specific about timing and frequency, to the extent this is relevant.

An affidavit is a statement on oath duly witnessed by an Oath Commissioner or a Notary Public.

The affidavit includes identifying information of the Affiant, including their name, age, citizenship, civil status and their address. If the Affiant is a minor, the user will be asked the name of the guardian who will accompany the Affiant to the notary public and sign the affidavit.

I state that maiden name and the present name is the name of one and the same person and that is myself. I am executing this declaration to be submitted to the concerned authorities for the change of my name in membership database.

Example: I, Jane Smith, swear that the information in my sworn statement is truthful to the best of my knowledge and understanding. Your statement of truth must be in the first person and you need to identify yourself in it. Keep it short and sweet.

6 steps to writing an affidavit Title the affidavit. First, you'll need to title your affidavit.Craft a statement of identity. The very next section of your affidavit is what's known as a statement of identity.Write a statement of truth.State the facts.Reiterate your statement of truth.Sign and notarize.

More info

A properly completed, notarized general affidavit form can be useful in legal proceedings. Here's how to make sure your affidavit is valid in Texas.An affidavit is a statement given under oath that its contents are true and accurate. An affidavit must be notarized, signed in the presence of witnesses, and the affiant must swear that the facts contained in it are true and correct. Do I Need a Lawyer for Help with Affidavits of Service? Click here (Example of Completing an Affidavit) to view an affidavit sample and instructions for completing it. Understanding an Affidavit of Title. An affidavit of title is designed to protect the buyer from outstanding legal issues that might be facing the seller. Understanding an Affidavit of Title. An affidavit of title is designed to protect the buyer from outstanding legal issues that might be facing the seller.

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Affidavit of Understanding & Addendum to Purchase Agreement