Understanding Property Transfer Affidavits: What You Need to Know

A Property Transfer Affidavit is a legal document used in real estate transactions to confirm specific details regarding the transfer of property ownership. Typically signed by the transferor, it serves as a sworn statement verifying information such as the identities of the parties involved, the property’s legal description, and the terms of the transfer. This affidavit helps ensure that all legal requirements are met, providing a clear record for both the buyer and seller, and often plays a role in preventing future disputes over the property’s ownership. It’s a crucial part of the process that adds a layer of legal protection for both parties in the transfer.