An affidavit is statement of facts which is sworn to before an officer who has authority to administer an oath (e.g., a notary public). The person making the signed statement (the affiant) takes an oath that the contents are, to the best of their knowledge, true. It is also signed by a notary or some other judicial officer that can administer oaths, affirming that the person signing the affidavit was under oath when doing so. After a foreclosure sale, some states require that the foreclosing party file an affidavit that the provisions relating to the notice of foreclosure and the deed of trust or mortgage have been complied with.
This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.
The District of Columbia Affidavit of Sale By Foreclosure is a legal document that is filed when a property in the District of Columbia is sold through a foreclosure process. This affidavit serves as a record of the sale and provides important details regarding the foreclosure proceedings. When a property goes into foreclosure in the District of Columbia, the lender or mortgage holder initiates the foreclosure process by filing a lawsuit to foreclose on the property. If the court approves the foreclosure, the property will be sold at a public auction. After the auction, the winning bidder will receive a certificate of foreclosure sale. To complete the foreclosure process and transfer ownership of the property to the winning bidder, an Affidavit of Sale By Foreclosure needs to be filed with the District of Columbia's Office of Tax and Revenue. This affidavit provides legal proof that the property was sold through a foreclosure sale and transfers the ownership rights to the purchaser. The District of Columbia Affidavit of Sale By Foreclosure includes various crucial details such as the name and address of the foreclosing party, information about the property being foreclosed, the date and location of the sale, the winning bidder's name and contact information, and the sale price of the property. In District of Columbia, there are two primary types of Affidavits of Sale By Foreclosure — Statutory Foreclosure and Non-judicial Foreclosure. 1. Statutory Foreclosure: This type of foreclosure involves a court proceeding where the lender obtains a judgment of foreclosure and allows the property to be sold at a public auction. The statutory affidavit of sale is filed in such cases to document the foreclosure sale and transfer of ownership. 2. Non-judicial Foreclosure: In this type of foreclosure, the lender follows a specific process outlined in the mortgage agreement, allowing them to sell the property without involving the court system. The non-judicial affidavit of sale is filed in such cases, providing evidence of the foreclosure sale and transfer of ownership. It is crucial to ensure that the District of Columbia Affidavit of Sale By Foreclosure is accurately completed and filed within the specified time frame to establish a clear chain of ownership and protect the rights of both the lender and the winning bidder.
