Keys Policy
If the parties have funded and provided proof of funding, the keys are to be released to buyer(s). We will not handle the release of keys and ask that the agents discuss this with each other and the parties.
This is due to closings funding after 5pm and our office being closed where keys cannot be collected until the following business day.
Identification and Notary Policy
Identification is required for all parties who are signing, buyer(s) and seller(s). We require a valid, unexpired driver's license. If the party does not have one, then a valid passport can be provided. In addition to the above identification requirements, we require a United States Tax Identification Number.
Out of office closings, if we are handling seller side, we require that our office schedules the notary that will be used for the closing. We will schedule a notary to be sent to the party with the necessary documents, they will make a copy of the identification and provide the originals to us. No outside notary may be used.
1099-S Policy
At closing, seller(s) will be given a 1099-S with the closing documents.
Unless specifically requested, we will not be mailing out another copy as one was already provided at closing.
Foreign
Sellers
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NON-U.S. CITIZENS
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NON U.S. PERMANENT RESIDENTS
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LIMITED LIABILITY COMPANIES (LLC) WITH A SINGLE MEMBER WHO IS A NON-U.S. CITIZEN OR NON U.S. PERMANENT RESIDENT
U.S. tax withholdings will be remitted to the I.R.S. (Internal Revenue Service) immediately following the closing. Our office will not hold back the Seller’s I.R.S. tax remittance pending a withholding certificate.
Seller(s) and Buyer(s), if applicable, must provide our office with their I.T.I.N. (U.S. Individual Taxpayer Identification Number) or S.S.N. (U.S. Social Security Number) at least ten (10) days before closing. Failure to do so can delay the closing.
Proceeds
At closing, the seller's proceeds can only be payable to the individuals listed on title (the deed).
We cannot disburse seller's proceeds to anyone who is not on title.