Escrow & Title
In New Jersey, an 'Affidavit of Title' is a document signed by the seller at closing that:
AInsures the buyer against title defects
BAttests that there are no outstanding liens, judgments, or encumbrances not already disclosed, and that the seller has not entered into any undisclosed transactions✓ Correct
CTransfers the title to the buyer
DCertifies the property survey is accurate
Explanation
The NJ Affidavit of Title is a sworn statement by the seller confirming there are no undisclosed encumbrances, liens, or claims against the property, that no work has been done that could give rise to a mechanic's lien, and that there are no new contracts or leases. It protects the buyer and title insurer.
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