Acknowledgment in real estate refers to a formal declaration made before an authorized official by the person who signed a document, stating that it is their voluntary act.
An affiant is an individual who signs or signifies to the truth of an affidavit under oath. This role is crucial in legal proceedings, as the affiant attests to the accuracy and truthfulness of the information contained within the affidavit.
In the context of real estate, to attest means to witness or certify by observation and signature that an event, action, or document is accurate or true. This often involves verification by a third party, such as notarizing a document or witnessing the signing of a contract.
The term 'Bona Fide' refers to actions, transactions, or situations conducted in good faith, without intent to deceive or defraud. It signifies genuine sincerity and authenticity in legal and financial contexts.
