05.17.07
Question on Buyer-Seller Affidavits
Jeanne - Do you recommend that we still have the sellers/buyers give a ten year history of their residences on their affidavits? We are still requiring our closers to do this. I, however, do not see the need to ask for this information. Just curious on what you are instructing your students to do on this form.
Arne R. Skatrud
Key Title, Inc.
Jeanne said,
May 17, 2007 at 6:10 pm
Arne, I strongly recommend that you continue to get addresses for the last ten years from parties to a closing. That way, when John Doe says “That $43,500. judgment is NOT against me!,” you can check the addresses on the judgment to make SURE it is not him.
It is possible, however, that John Doe is named after his Dad, and they have lived at the same address, in which case an affidavit from a third party would be reasonable, so as not to be self-serving.