Affidavit of title important in real estate transactions

Buying a house or another type of property is a major purchase. As a result, Ohio homebuyers want to ensure that everything is correct with the real estate they intend to buy. In some cases, legal issues could arise with the property, which is why it is important that an affidavit of title is provided by the seller.

This document essentially states that the seller owns the property and holds the title. It also ensures that there are no issues with the property like liens or unpaid taxes and attests that the seller is not going through bankruptcy proceedings. The document must be notarized and acts as a sworn statement that the information provided is correct. In the event that an issue does arise later that the seller should have disclosed, the affidavit of title can be an important piece of evidence in any resulting legal proceedings.

This document is immensely important to the buyer because it offers protection. As mentioned, if a problem with the property comes about later, the affidavit of title could protect the buyer from legal problems in the future. Of course, it is important that the document is created properly and is considered valid under state law.

Many documents go into a real estate transaction. An affidavit of title is just one important record, so it is prudent for Ohio homebuyers to go over this and other documents with their legal counsel. Fully understanding their protections could help buyers better know how to handle an issue should one arise after the property sale closes.

No Comments

Leave a comment
Comment Information
Email Us For A Response

Call Or Email Now

We Are Ready To Work With You!

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Hurley Law

Middletown Office
301 N. Breiel Blvd
Suite A
Middletown, OH 45042

Phone: 513-318-9893
Fax: 513-878-1660
Middletown Office Map

Cincinnati Office
4555 Lake Forest Dr.
Suite 650
Cincinnati, OH 45242

Phone: 513-318-9893
Fax: 513-878-1660
Map & Directions