Edit, Download, and Sign the T-47 Survey Affidavit Instructions and Guidelines
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How do I fill this out?
To fill out the T-47 Survey Affidavit, start by gathering the necessary information regarding your property's boundaries. Ensure to read through the entire form carefully to understand all the required sections. Finally, have the affidavit notarized to validate your submission.
How to fill out the T-47 Survey Affidavit Instructions and Guidelines?
1
Obtain a copy of the original survey of your property.
2
Complete the affidavit fields with accurate information.
3
Check for any changes to the property since the last survey.
4
Sign the T-47 form in front of a notary.
5
Submit the notarized affidavit as part of your property sale documents.
Who needs the T-47 Survey Affidavit Instructions and Guidelines?
1
Sellers who want to sell their property and need to provide accurate boundary information.
2
Buyers seeking assurance regarding property boundaries before finalizing their purchase.
3
Real estate agents facilitating property sales.
4
Lenders needing security about property surveys for financing.
5
Title companies ensuring a clear title transfer process.
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1
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What are the instructions for submitting this form?
To submit the T-47 Affidavit, send the completed form to your title company via email or fax. You can also submit it in person at their office. Ensure that you follow up to confirm receipt and ask for any additional steps required.
What are the important dates for this form in 2024 and 2025?
Important dates for the T-47 Survey Affidavit include deadlines for notarization and submission as part of the home sale process, which typically align with the contract terms. Staying aware of these deadlines can prevent delays in your real estate transaction.
What is the purpose of this form?
The purpose of the T-47 Survey Affidavit is to provide a sworn statement by the seller regarding the boundaries of a property. It allows buyers and lenders to verify if any changes have occurred since the last survey, ensuring clarity in property lines. This document plays a key role in facilitating a smooth real estate transaction.
Tell me about this form and its components and fields line-by-line.
- 1. Date: The date when the affidavit is completed.
- 2. Name of Affiant: The name of the person completing the affidavit.
- 3. GF No.: A file number for the title company, to be completed by them.
- 4. Address of Affiant: The residential address of the seller.
- 5. Description of Property: The legal description of the property, including county details.
What happens if I fail to submit this form?
Failure to submit the T-47 Survey Affidavit can lead to complications in the property sale process. Buyers may face difficulties obtaining title insurance, and lenders could require new surveys, resulting in additional costs.
- Title Insurance Issues: Without the T-47, buyers may not be assured of clear title, leading to possible disputes later.
- Delay in Transaction: Not submitting the T-47 can cause delays in closing the sale.
- Increased Costs: Buyers or sellers may incur additional costs for new surveys if the affidavit is not submitted.
How do I know when to use this form?
- 1. Property Sale: When selling residential real estate, the T-47 is necessary for property boundary disclosure.
- 2. Mortgage Application: Lenders may require the T-47 to approve a mortgage on the property in question.
- 3. Title Insurance Application: Title companies will use the T-47 to assess risks before insuring the property.
Frequently Asked Questions
What is a T-47 Survey Affidavit?
The T-47 is a Residential Real Property Affidavit that informs buyers of any changes made to a property's boundaries since the last survey.
Who needs to fill out the T-47?
Sellers of residential property in Texas are typically required to complete this affidavit.
When should I complete the T-47?
It's best to fill out the T-47 before you list your home for sale to meet contractual deadlines.
How can I obtain a T-47 form?
You can get the T-47 form from your title company, the Texas Department of Insurance, or through your real estate agent.
What happens if I don't submit the T-47?
Failure to submit the T-47 can lead to delays in the property sale process and potential issues with title insurance.
Can I edit the T-47 form?
Yes, you can easily edit the T-47 form using our PDF editing tools on PrintFriendly.
Is the T-47 notarized?
Yes, the T-47 form must be signed and notarized to be valid.
What is the purpose of the T-47?
The T-47 serves to clarify any changes to property boundaries and reassure buyers and lenders.
Do I need to provide a new survey if changes are made?
If significant changes have occurred, a new survey may be required in addition to the T-47.
Can the buyer use the previous survey?
In some cases, if no changes impact boundaries, the buyer may be able to use the existing survey with the T-47.
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