STG Buyer Subsequent Sale Affidavit (Short Sales)

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STG Buyer Subsequent Sale Affidavit (Short Sales)

Form Document
V 5

STG Buyer Subsequent Sale Affidavit

Date: __________________________
Escrow/File Number: __________________________
Property Address: __________________________
Buyer(s): __________________________

Buyer acknowledges and agrees as follows:

A condition of ________________________________'s (name of prior lender) approval of the short sale is that the Buyer agrees that the Buyer will not transfer the above-referenced property within _______ days of the close of escrow (the closing).

Buyer understands that the escrow holder (the settlement agent) has agreed to close this escrow and that Stewart Title Guaranty Company will be issuing to Buyer's Lender a Loan Policy of title insurance without raising an exception for such prior mortgage or the terms of the condition contained in the approval, in reliance upon the following acknowledgements by the Buyer.

Buyer shall not transfer or convey the property within said time period. Buyer hereby agrees to indemnify escrow holder (settlement agent) and Stewart Title Guaranty Company and hold them harmless from any loss, costs or damages, including, but not limited to attorneys' fees, which either may incur as a result of Buyer transferring the property within said time period.

Understood and acknowledged:


Sworn to before me this _______________ day of _______________.

Notary Public

Copyright 1970-2022 Stewart Title Guaranty Company. All rights reserved. The use of this form (or any derivative thereof) is restricted to Stewart Title Guaranty Company, it’s issuing agents, and affiliates in good standing as of the date of use. All other uses are prohibited.

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