A authorized doc used within the state of Michigan, this sworn assertion confirms the switch of possession of actual property. It sometimes consists of particulars such because the names of the grantor and grantee, authorized description of the property, and affirmation that the switch is respectable and free from undisclosed encumbrances. An instance can be its use when a person inherits property and must formally doc the change in possession with the county register of deeds.
This sort of sworn declaration gives a vital layer of safety in opposition to fraud and ensures readability in property possession information. By requiring a signed and notarized assertion, the state reinforces the integrity of actual property transactions and simplifies the method of verifying possession historical past. This follow contributes to a safer and clear actual property market, which advantages each consumers and sellers. Traditionally, such affidavits have performed a major position in sustaining dependable land information, facilitating environment friendly property transfers, and minimizing disputes.