Estoppel is a legal doctrine that prevents a person from adopting a position, action, or attitude, asserting a fact or a right, or prevents one from denying a fact inconsistent with an earlier position if it would result in an injury to someone else. An Estoppel Affidavit of Mortgagor sets out the current status of the mortgage.
A South Dakota Estoppel Affidavit of Mortgagor is a legal document used in real estate transactions within the state of South Dakota. It serves as a statement by a mortgagor (borrower) regarding the status and terms of their mortgage agreement. This affidavit is necessary when a property is being sold or refinanced. The primary purpose of the South Dakota Estoppel Affidavit of Mortgagor is to confirm and clarify important details of the mortgage for the property such as interest rates, payment amounts, outstanding balances, and any potential defaults or delinquencies. By signing this document, the mortgagor provides assurance to the prospective buyer or lender about the accuracy of the information provided. Keywords: South Dakota, Estoppel Affidavit of Mortgagor, legal document, real estate transactions, mortgagor, borrower, mortgage agreement, property, sold, refinanced, interest rates, payment amounts, outstanding balances, defaults, delinquencies, signing document, prospective buyer, lender, accuracy, information. There are typically no specific types or variations of the South Dakota Estoppel Affidavit of Mortgagor, as it is a standard legal document used across the state. However, it may be tailored or modified to meet the unique circumstances of a particular real estate transaction, if necessary.
A South Dakota Estoppel Affidavit of Mortgagor is a legal document used in real estate transactions within the state of South Dakota. It serves as a statement by a mortgagor (borrower) regarding the status and terms of their mortgage agreement. This affidavit is necessary when a property is being sold or refinanced. The primary purpose of the South Dakota Estoppel Affidavit of Mortgagor is to confirm and clarify important details of the mortgage for the property such as interest rates, payment amounts, outstanding balances, and any potential defaults or delinquencies. By signing this document, the mortgagor provides assurance to the prospective buyer or lender about the accuracy of the information provided. Keywords: South Dakota, Estoppel Affidavit of Mortgagor, legal document, real estate transactions, mortgagor, borrower, mortgage agreement, property, sold, refinanced, interest rates, payment amounts, outstanding balances, defaults, delinquencies, signing document, prospective buyer, lender, accuracy, information. There are typically no specific types or variations of the South Dakota Estoppel Affidavit of Mortgagor, as it is a standard legal document used across the state. However, it may be tailored or modified to meet the unique circumstances of a particular real estate transaction, if necessary.