GLOSSARY OF TITLE TERMS

Documents Signed By The Seller

1. Warranty Deed: The document that transfers title of the property from the seller to the buyer.

2. Sellers’ Affidavit: Requires seller to state that they have not altered the property in any way that might cloud the title.

3. 1099 Form: An IRS form that reports the gross proceeds from the transaction.

4. Confirmation of Payoffs: A report of where money is being paid to redeem liens placed against the property.

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