Examples of Closing Affidavit in a sentence
If the borrower marries after issuance of the conditional commitment and prior to closing, the new spouse must satisfy the prior home ownership requirements contained in the Potential Borrower's Application Affidavit (Form #315) and the Borrower's Closing Affidavit (Form #335) and must execute these forms.
The spouse not taking title must execute Exhibit 5-B (Mortgagor’s Application Affidavit and Certification) and Exhibit 7-L (Mortgagor’s Closing Affidavit and Certification) if tax returns were not filed due to either age or non-obligation of filing returns, and must also provide the previous three years’ tax returns with W-2’s attached and his or her two most recent pay stubs.
An environmental indemnity agreement executed by the new Additional Borrower that is purchasing the Prospective, Xxxxxxx Partnership and Guarantor by for the benefit of Lender, which agreement will be in the same form as the Initial EIA; A Closing Affidavit executed by a senior officer of the Additional Borrower that is purchasing the Prospective Property.
If SELLER determines that it will execute and deliver a Closing Affidavit, SELLER shall first deliver a draft of the Closing Affidavit to BUYER no later than ten (10) business days prior to Closing for BUYER’S review.
If the Applicant’s marital status changes after issuance of the Commitment, but prior to closing, the spouse must meet the homeownership requirements contained in the Application Affidavit and the Closing Affidavit, and the Lender must notify the MCC Program.
Documents EnclosedFor all transactions, the Settlement Agent will receive: an Applicable Note, Security Instrument, Closing Affidavit, Privacy Policy, Final Typed Application, First Payment Letter, Funding Sheet, Name Affidavit, Closing Disclosure (or Truth In Lending Disclosure, if applicable), IRS 4506-Txxxxxxxxxxxx.
After initial recognition, the asset is stated at cost less accumulated amortization and impairment.
Furthermore, if, prior to Closing, BUYER becomes aware that a Person is owed a Fee from SELLER and such Person is not disclosed on, or exempt from disclosure pursuant to the terms of, the Affidavit or the Closing Affidavit, then BUYER shall have the right to (A) terminate this Agreement without thereby waiving any action for damages resulting from such nondisclosure, or (B) proceed to Closing and reduce the Purchase Price by the full amount of such Fee owed from SELLER to such undisclosed Person.
If the Applicant experiences a change in marital status after issuance of the Commitment and prior to issuance of the MCC, the spouse must satisfy the prior homeownership requirements contained in the Application Affidavit and the Closing Affidavit and the Lender must notify CDC.
SELLER and BUYER agree that, if necessary, at closing SELLER may execute and deliver to BUYER an updated Affidavit dated the date of the Closing in order to disclose any Fees payable by SELLER to any Persons that arise during the time between the Effective Date and the Closing Date ("Closing Affidavit").