Survey Affidavit- Refinance
Definition and meaning
A Survey Affidavit for Refinance is a legal document affirming the current condition and boundaries of a property being refinanced. It is typically signed by the property owners and is used to provide necessary information to lenders and title insurers regarding the property's status and ownership. This affidavit ensures all parties involved have a reliable understanding of the property being financed.
How to complete a form
Completing a Survey Affidavit for Refinance involves several key steps:
- Fill in the application number and state where the property is located.
- Provide the names of the current property owners as they appear on the title.
- Attach the most recent survey of the property, indicating its boundaries and any structures.
- Confirm that there have been no changes to the property since the last survey.
- List any known easements or rights of use that apply to the property.
- Sign the affidavit in the presence of a notary public.
Who should use this form
This form is designed for property owners who are seeking to refinance their mortgage. If you are the individual or individuals currently holding the title of the property and wish to secure a new mortgage based on your existing equity, this affidavit is necessary to affirm the property details and conditions for your lender.
Key components of the form
The Survey Affidavit for Refinance includes several essential components:
- Property Identification: The address and lot number of the property being refinanced.
- Survey Details: Information about the survey, including the date and preparer's name.
- Boundary Confirmation: An affirmation that no alterations have occurred to the boundaries or structures.
- Easements Declaration: A statement outlining any rights of others to use the property.
- Signature Section: A space for notarization and the signatures of property owners.
Form popularity
FAQ
There are roughly 100 to 150 pages in a standard set of loan documents that need signatures, initials, and dates made in the appropriate locations. A loan signing agent knows exactly where the borrower needs to sign, date and initial on those loan documents.
LEARN LOAN DOCUMENTS: SAMPLE HELOC CLOSINGYouTube Start of suggested clip End of suggested clip Before we start signing. This way it helps them not feel rushed. And they don't have to take theirMoreBefore we start signing. This way it helps them not feel rushed. And they don't have to take their time. And really read through every document.
Understand primary documents within a loan package The Deed of Trust is the security instrument, it places a lien on the home to protects the bank. It gets recorded with the county.
A promissory note provides the financial details of the loan's repayment, such as the interest rate and method of payment. A mortgage specifies the procedure that will be followed if the borrower doesn't repay the loan.
There are usually 125 ? 200 pages involved in a purchase if there is a loan.
Acceptable primary forms of identification are: Valid Driver's License. Valid State issued ID card (must include photo) Military ID. Social Security Card.
The Notary Signing Agent will present each closing document to a signer in conformance with a signing presentation guidelines authorized by the contracting company, and by naming and stating the general purpose of the document, specifying the number of pages and indicating where signatures, dates or initials are to be
These signing are usually around 20-30 pages and pay less than a traditional refinance or purchase signing, but they usually take half the time.