Fillable Printable Subsequent Purchaser/Mortgagee Affidavit - New York

Subsequent Purchaser/Mortgagee Affidavit - New York

THE JUDICIAL TITLE INSURANCE AGENCY LLC

AFFIDAVIT IN CONNECTION WITH REAL PROPERTY LAW § 265-a

Home Equity Theft Protection Act

(Subsequent Purchaser/Mortgagee Affidavit)

State of New York }

County of___________}

___________________________________________,being duly sworn does depose and say;

1. I/we reside(s) at___________________________________________________________.

2. I am the purchaser/mortgagee of the real property known__________________________

_____________________________________________________________("Real Property”).

3. I/we are/am acquiring the Real Property from__________________________(the “Seller”).

4. In regard to the provisions of section 265-a of the Real Property Law (the Home Equity Theft

Protection Act) I hereby certify and declare that your deponent, acting in good faith and for valuable

consideration, the I/we

(STRIKE OUT STATEMENTS THAT DON'T APPLY)

a. am/were a bona fide purchaser, who acquired the residential Real Property from the Equity

Purchaser, or

b. provided the Equity Purchaser with a mortgage, or

c. provided a subsequent purchaser from the Equity Purchaser with a mortgage on the Real

Property.

That your deponent has no actual notice of continuing right to, or equity in, the property by the Equity

Seller’s prior to the acquisition of title or mortgage, or of any violation of § 265-a by the Equity Purchaser

as related to the subject property which is based upon

a. such Equity Seller’s being in default in payment of installments of interest due on any mortgage

for two months or more, or

b. the commencement of a Foreclosure of a mortgage against the Equity Seller and the real

property or that the Real Property appeared on a Tax Lien Sale List.

c. the failure of the contract with the Equity Seller to comply with any requirement of the Home

Equity Theft Protection Act or to provide the Equity Seller with any Notice or right of redemption

permitted under the said Act

at the time the Real Property was transferred to or mortgaged by the Equity Seller or a purchaser from the

Equity Purchaser.

I/we give this affidavit knowing that The Judicial Title Insurance Agency LLC will rely upon the truth of

the statements made above.

__________________

Sworn and subscribed to before me

this____day of __________, 20____

_____________________________

Notary Public-Sign and Affix Stamp