Examples of Seller’s Affidavit in a sentence
The Property seller must complete the Property Seller’s Affidavit (HMFA 161) at closing to verify compliance with the program requirements.
During the term that the Mortgage Loan is outstanding, the Servicer shall retain, with respect to such Mortgage Loan, the following documents: (1) Affidavit of Purchaser; (2) Seller’s Affidavit and Certification; (3) Standard Hazard Insurance Policy and, if applicable, Flood Insurance Policy; and (4) evidence of FHA or VA or USDA Rural Development or PMI Insurer approval, as applicable.
Either HUD or their appointed representative must sign the Seller’s Affidavit form #325.
In addition, each Mortgage File and the Affidavit of Purchaser and Seller’s Affidavit and Certification (Forms MRB 05 and MRB 06) shall be maintained by the Servicer for a period agreed to by the Authority in writing.
If within five (5) business days after the date on which the Seller’s Affidavit is delivered to Purchaser, Escrow Agent has not received from Purchaser a notice (“Objection Notice”) objecting to Escrow Agent’s compliance with the Seller’s Affidavit, Escrow Agent shall deliver the Escrow Funds to Seller in accordance with Seller’s Affidavit without any further notice or authorization required from Purchaser.