Underwriting Q&A: What date should be inserted into the blank on paragraph 4 of the T-47 Residential Real Property Affidavit?

16 Aug

Underwriting Q&A: What date should be inserted into the blank on paragraph 4 of the T-47 Residential Real Property Affidavit?

Q: In Texas, where we are encountering multi-generational re-use of existing surveys, the T-47 Residential Real Property Affidavit allows a seller to verify that a prior survey is still an accurate depiction of the property to be insured for purposes of giving an area and boundaries exception amendment and/or T-19 or T-19.1 coverage. What date should be inserted into the blank on paragraph 4 of the Affidavit? (4. To the best of our actual knowledge and belief, since ___________________).

A: The purpose of the T-47 Affidavit is to affirm that there have been no changes made to the property other than those listed on the Affidavit since the date of the existing survey. It should not be limited to the date the seller acquired title to the property.

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