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T-47 RESIDENTIAL REAL PROPERTY AFFIDAVIT

(MAY BE MODIFIED AS APPROPRIATE FOR COMMERCIAL TRANSACTIONS)

Date:___________________________________ GF No.___________________________________

Name of Affiant(s):__________________________________________________________________

Address of Affiant:___________________________________________________________________

Description of Property:_______________________________________________________________

County__________________________________ , Texas

"Title Company" as used herein is the Title Insurance Company whose policy of title insurance is issued in reliance upon the statements contained herein.

Before me, the undersigned notary for the State of ________________, personally appeared Affiant(s) who after by

me being sworn, stated:

1.We are the owners of the Property. (Or state other basis for knowledge by Affiant(s) of the Property, such as lease, management, neighbor, etc. For example, “Affiant is the manager of the Property for the record title owners.”)

2.We are familiar with the property and the improvements located on the Property.

3.We are closing a transaction requiring title insurance and the proposed insured owner or lender has requested area and boundary coverage in the title insurance policy(ies) to be issued in this transaction. We understand that the Title Company may make exceptions to the coverage of the title insurance as Title Company may deem appropriate. We understand that the owner of the property, if the current transaction is a sale, may request a similar amendment to the area and boundary coverage in the Owner’s Policy of Title Insurance upon payment of the promulgated premium.

4.To the best of our actual knowledge and belief, since _______________________________ there have been no:

a.construction projects such as new structures, additional buildings, rooms, garages, swimming pools or other permanent improvements or fixtures;

b.changes in the location of boundary fences or boundary walls;

c.construction projects on immediately adjoining property(ies) which encroach on the Property;

d.conveyances, replattings, easement grants and/or easement dedications (such as a utility line) by any party affecting the Property.

EXCEPT for the following (If None, Insert “None” Below:)

5.We understand that Title Company is relying on the truthfulness of the statements made in this affidavit to provide the area and boundary coverage and upon the evidence of the existing real property survey of the Property. This Affidavit is not made for the benefit of any other parties and this Affidavit does not constitute a warranty or guarantee of the location of improvements.

6.We understand that we have no liability to Title Company that will issue the policy(ies) should the

information in this Affidavit be incorrect other than information that we personally know to be incorrect and which we do not disclose to the Title Company.

_________________________________________

_________________________________________

SWORN AND SUBSCRIBED this ______ day of __________________, 20_______.

_______________________________________

Notary Public

Common mistakes

Filling out the Texas residential property affidavit T-47 form can be a straightforward process, but several common mistakes can lead to complications. One frequent error is failing to provide accurate property descriptions. This form requires specific details about the property, including its legal description. Omitting or incorrectly stating this information can result in delays or issues during the title transfer process.

Another common mistake involves incomplete signatures. All required parties must sign the affidavit for it to be valid. Often, individuals may overlook the need for all owners to sign or may not date their signatures. This oversight can render the form ineffective, causing potential legal challenges or additional paperwork to rectify the situation.

Inaccurate information about the property’s ownership can also create problems. For example, if a person lists themselves as the sole owner when there are co-owners, this discrepancy can lead to disputes. It is essential to ensure that all ownership interests are accurately represented to avoid future conflicts.

Finally, neglecting to provide supporting documentation can hinder the processing of the T-47 form. Certain transactions may require additional paperwork, such as previous title documents or identification. Failing to include these items can delay the approval process and create unnecessary complications. Attention to detail is crucial when submitting this form to ensure a smooth transaction.

Dos and Don'ts

When filling out the Texas residential property affidavit T-47 form, there are several important considerations to keep in mind. Below is a list of things you should and shouldn't do to ensure the process goes smoothly.

  • Do read the instructions carefully before starting.
  • Do provide accurate and complete information.
  • Do sign and date the form where required.
  • Do keep a copy of the completed form for your records.
  • Do consult a professional if you have questions about the form.
  • Don't leave any sections blank unless instructed.
  • Don't use white-out or other correction methods on the form.
  • Don't submit the form without verifying all information is correct.
  • Don't ignore deadlines for submission.
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Similar forms

The Texas residential property affidavit T-47 form serves a specific purpose in real estate transactions, particularly concerning the disclosure of property information. Several other documents share similarities with the T-47 form in terms of their functions and the information they provide. Below is a list of eight documents that are comparable to the T-47 form:

  • Property Disclosure Statement: This document is typically provided by the seller to inform potential buyers of any known issues with the property. Like the T-47, it aims to ensure transparency in the transaction.
  • Employment Verification Form: This document is vital for confirming an individual's employment history, as it provides essential information about job title and duration of employment; for more details, refer to documentonline.org/blank-employment-verification-form/.
  • Title Commitment: A title commitment outlines the conditions under which a title insurance policy will be issued. It is similar to the T-47 in that it provides crucial information about the property’s ownership and any claims against it.
  • Seller’s Affidavit: This document often accompanies the sale of a property and includes the seller’s sworn statements regarding the property. Both the Seller’s Affidavit and the T-47 serve to clarify ownership and property details.
  • Warranty Deed: A warranty deed transfers ownership of property and guarantees that the seller holds clear title. Like the T-47, it addresses ownership and encumbrances, ensuring the buyer receives clear title.
  • Quitclaim Deed: This document transfers any interest the seller has in the property without guaranteeing clear title. Similar to the T-47, it is used to clarify ownership but does not provide the same level of assurance as a warranty deed.
  • Affidavit of Heirship: This affidavit is used to establish the heirs of a deceased property owner. It shares similarities with the T-47 in that it addresses ownership and rights to the property.
  • Residential Lease Agreement: While primarily used for rental properties, this agreement outlines the rights and responsibilities of both landlords and tenants. It is similar to the T-47 in its focus on property use and legal obligations.
  • Property Tax Statement: This document provides information about the property’s tax obligations. Like the T-47, it is crucial for potential buyers to understand the financial responsibilities associated with the property.

Each of these documents plays a significant role in the real estate process, just as the T-47 does. They collectively contribute to a clearer understanding of property ownership and the responsibilities that come with it.