Affidavit of Arms Length Transaction

BUYER’S AGENT
Affidavit of “Arm’s Length Transaction”

State of ______________________
County of _____________________

_________________(Hereinafter referred to as “Buyer’s Agent” and/or “Affiant”), being duly sworn, deposes and says, that s/he is representing ______________________________________ (hereinafter referred to as “Buyer”) as his/her agent to the sale of the property identified as ___________________________________________[street address] from _____________________________(herein after referred to as “Seller”) in a short sale transaction;

Affiant further says that no party to the sales contract, including Buyer, Seller’s Agent, Buyer’s Agent, or Settlement Agent, is a relative of, business associate of, or shares any business interest with, Seller;

Affiant further says that there is no hidden or implied terms or special understandings between Seller, Buyer, Seller’s Agent, Buyer’s Agent, or Settlement Agent which have not been made part of the written sales contract and which have not been disclosed to all interested parties;

Affiant further says that there are no agreements or understandings, written or implied, that will permit Seller to remain in the above mentioned property as a renter or to regain ownership of said property at anytime after the execution of this short sale transaction.

Affiant further says that beyond any contractual sales commissions owed to the Seller’s Agent and/or Buyer’s Agent, no party to this short sale transaction will receive any proceeds from the sale of the above mentioned property.

SELLER
Affidavit of “Arm’s Length Transaction”

State of ___________________________________________ County of _________________

_________________________________________[Seller] (Hereinafter referred to as “Seller” and/or  “Affiant”), being duly sworn, deposes and says, that s/he is the party selling the property identified as
_________________________________________________[street      address] to _________________________________[Buyer] (herein after referred to as “Buyer”) in a
short sale transaction;

Affiant further says that no party to the sales contract, including Buyer, Seller’s Agent, Buyer’s Agent, or Settlement Agent, is a relative of, business associate of, or shares any business interest with, Seller;

Affiant further says that there is no hidden or implied terms or special understandings between Seller, Buyer, Seller’s Agent, Buyer’s Agent, or Settlement Agent which have not been made part of the written sales contract and which have not been disclosed to all interested parties;

Affiant further says that there are no agreements or understandings, written or implied, that will permit Seller to remain in the above mentioned property as a renter or to regain ownership of said property at anytime after the execution of this short sale transaction.

Affiant further says that beyond any contractual sales commissions owed to the Seller’s Agent and/or Buyer’s Agent, no party to this short sale transaction will receive any proceeds from the sale of the above mentioned property.

SELLER’S AGENT
Affidavit of “Arm’s Length Transaction”

State of ____________________
County of___________________

________________________________________________________________(Hereinafter referred to as “Seller’s Agent” and/or  “Affiant”), being duly sworn, deposes and says, that s/he is representing_______________________________________ (hereinafter  referred to as “Seller”) as his/her agent to the sale of the property  identified  as
_____________________________________________________[street    address] from ___________________________________________(herein after referred to as “Buyer”) in a  short
sale transaction;

Affiant further says that no party to the sales contract, including Buyer, Seller’s Agent, Buyer’s Agent, or Settlement Agent, is a relative of, business associate of, or shares any business interest with, Seller;

Affiant further says that there is no hidden or implied terms or special understandings between Seller, Buyer, Seller’s Agent, Buyer’s Agent, or Settlement Agent which have not been made part of the written sales contract and which have not been disclosed to all interested parties;

Affiant further says that there are no agreements or understandings, written or implied, that will permit Seller to remain in the above mentioned property as a renter or to regain ownership of said property at anytime after the execution of this short sale transaction.

Affiant further says that beyond any contractual sales commissions owed to the Seller’s Agent and/or Buyer’s Agent, no party to this short sale transaction will receive any proceeds from the sale of the above mentioned property.

SETTLEMENT AGENT
Affidavit of “Arm’s Length Transaction”

State of ___________________
County of__________________

____________________________________________________(Hereinafter   referred   to   as   “Settlement   Agent”    and/or “Affiant”), being duly sworn, deposes and says, that s/he is facilitating the closing  and legal transfer of ownership from the Seller(s) of the property identified as  _______________________________________________________________________[street  address]  to  the Buyer(s) in a short sale transaction;

Affiant further says that no party to the sales contract, including Buyer, Seller’s Agent, Buyer’s Agent, or Settlement Agent, is a relative of, business associate of, or shares any business interest with, Seller;

Affiant further says that there is no hidden or implied terms or special understandings between Seller, Buyer, Seller’s Agent, Buyer’s Agent, or Settlement Agent which have not been made part of the written sales contract and which have not been disclosed to all interested parties;

Affiant further says that there are no agreements or understandings, written or implied, that will permit Seller to remain in the above mentioned property as a renter or to regain ownership of said property at anytime after the execution of this short sale transaction.

Affiant further says that beyond any contractual sales commissions owed to the Seller’s Agent and/or Buyer’s Agent, no party to this short sale transaction will receive any proceeds from the sale of the above mentioned property.