Estoppel Affidavit With Lieu Of Foreclosure

State:
Alaska
Control #:
AK-03191BG
Format:
Word; 
Rich Text
Instant download

Description

The Estoppel Affidavit with Lieu of Foreclosure is a legal document used to establish the facts surrounding a mortgage and its associated note. This affidavit confirms that the mortgagor (the borrower) is current on payments, has not defaulted, and has no claims or defenses related to the mortgage. It details the property subject to the deed of trust and provides information on the loan, including the principal balance, payment history, and any due payments. The form is crucial for ensuring that any third parties can rely on the accuracy of the information when considering a transfer or assignment of the mortgage. Key features of the form include sections for the affiant's statements about the property, loan terms, and any legal claims against the note or deed of trust. Filling out the form involves providing accurate details about the property, loan, and other necessary assertions. This document is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in real estate transactions, as it helps clarify the mortgagor's status and protects parties involved in potential transfer situations.
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Estoppel Affidavit With Lieu Of Foreclosure