VIEWS: 551 PAGES: 5 CATEGORY: Buying and Selling Commercial Real Estate POSTED ON: 5/17/2010
This affidavit of title is used when a corporation owns real property and wants to sell the property. It states that the officers of the corporation have the authority to sell the property and they have received shareholder approval. Most states require an affidavit of title which specifies that the seller owns the property. The affidavit provides added protection for the buyer that the property is free and clear of any major legal problems involving claims of ownership by other parties. This document is usually required by a title company issuing title insurance at the closing of the sale.
"Affidavit of Title - Corporation"