Guideline: STG Affidavit and Indemnity as to Debts, Liens and Possession

Explanation:

This Affidavit and Indemnity is suggested for general use in connection with a sale or refinancing of a 1 – 4 family existing residence.  It may be modified to conform to local custom and practices.  The Indemnity section contains a gap indemnification for intervening matters, for use where customary.

Underwriting Requirements:

Where customary, this Affidavit is intended to be completed and signed by the Seller in the case of sale, or the Owner-Borrower in the case of a refinance.  If the Seller or Owner-Borrower consists of more than one individual/entity, all individuals/entities should sign the affidavit or execute separate affidavits. 

The 180-day lien period may be adjusted to conform to the jurisdiction, upon consultation with an underwriter.

Whether this Affidavit or other documentation/verification is relied upon, Issuing Offices must be satisfied as to the matters addressed by this Affidavit in order to insure title and remove applicable exceptions.

The underwriting guidelines contained herein have been provided for general reference. The facts, circumstances, and location of the subject property should be considered when determining the issuance of the requested form or endorsement. Please note that all of the forms and endorsements included in this system may not be available in all states. Accordingly, please contact the appropriate Stewart Title Guaranty Company underwriting personnel in order to determine availability.

Compliance with the underwriting guidelines contained herein in no way obligates Stewart Title Guaranty Company to issue any form or endorsement.

This guideline applies to the following form(s):

STG Affidavit and Indemnity as to Debts, Liens and Possession