What are an Affidavit of Title and ALTA Statement?
Title insurance can only provide a guarantee of title to within 10-21 days prior to closing. These documents supplement the title insurance to further guarantee the property is free from any outstanding or potential liens, there are no unrecorded easements, and no leases exist on the property. The Affidavit of Title is signed by the seller to verify that the seller has not performed any act that would impair his/her title or impose a lien on the property. The ALTA Statement is signed by both the buyer and seller.
