Affidavit of Memorandum for Purchase and Sale

What is affidavit of Memorandum for Purchase and Sale

Affidavit of Memorandum for Purchase and Sale is a legal document that states you have made an agreement with the owner for the sale of property. Once the agreement is notarized, the document is recorded in country’s recorder office. This document or agreement is used to prevent sellers from selling the property to another investor while having an agreement with you. When the memorandum is recorded, it creates a cloud on title which makes difficult for a buyer to insure a title. A title company trying to perform closing for a property will need to claim the deed from the affiant. This agreement will protect your profit, allowing you to enforce your purchase agreement with the seller or by removing yourself from the deal.

Recording Affidavit of Memorandum of agreement to property

Once the purchase and sale agreement has been signed for real estate, if a purchaser has a doubt whether the deal will go through, he may obtain an Affidavit of Memorandum for Purchase and Sale. The document is a public record and it is intended to use the purchase and sale of a property. You must obtain a sample form of an affidavit and you can find it on legal forms of purchase. The sample form can also be downloaded from the internet. You have to complete the form by filling the name of purchaser and seller, date of agreement, closing date, your name, address and phone number. You must attach a separate piece of paper with the title and insert the description of the property.

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Affidavit And Memorandum Of
Agreement For Purchase And Sale

State of TEXAS
County of _______________

BEFORE ME, the undersigned authority, on this day personally appeared Mack Baker, President of The Pinnacle Group, L. C., who being first duly sworn, deposes and says that:

1.    An agreement for the Purchase and Sale of the real property            known as __________________________________________, being more fully described as:
Lot ___________________________(         ), Block __________________(      ),  _______________________________________ Section _______________(      ),
City of _____________________, __________________________ County, Texas,
was entered into by and between the Affiant, as Buyer, and ___________________________________________, as Seller(s), on the _______ day of ___________________ 20 _____ .

2.    The closing of the purchase and sale of said real property, per the terms of the Agreement, is scheduled to take place on or before the ______ day of ________________,  20____, or as soon as all title, flood insurance, and building permit issues are resolved.

3.    A copy of the agreement for purchase and sale of said real property may be obtained by contacting________________________________. whose mailing address is____________________, and whose telephone number is ______________

Dated this_______ day of __________________  20____  .

FURTHER AFFIANT SAYETH NOT.

Signed, sealed and delivered in the presence of:

_______________________________
AFFIANT – Mack Baker, President

Sworn to and described before me this the ______ day of _______________, 20___.

(Seal)                                                                       ___________________________                                                                                                        Notary Public, State of  Texas                                                                                                                             Commission expires:

(Acknowledgement)

STATE OF TEXAS
COUNTY OF _______________

This instrument was acknowledged before me on the _____ day of _________________, 20 ____  by ____Mack Baker___________, President of The Pinnacle Group., a Texas Limited Liability corporation, on behalf of said corporation.

                                                                       ______________________                                                                                                                          Notary Public, State of Texas                                                                                                                            Commission expires:

(Seal)

AFTER RECORDING RETURN TO:        

The Pinnacle Group, LLC.
402 Carter St.
Killeen, TX 76541
Phone: