If you have a question about a legal term, check out our glossary.
If I still owe money to the resort for a mortgage, maintenance fees, or have a lien, can you still complete the transfer?
Yes, but the funds to cover the outstanding obligation must be deposited with the Law Firm to ensure the transaction.
We can complete closings in all 50 states, Mexico, Canada, and The Caribbean.
Any seller receiving more than $600 dollars at the time of closing will be issued an IRS form 1099.
All non-U.S. residents selling real property within the U.S. will be charged a 15% tax by the U.S. IRS at the time of closing. All non-Hawaii residents selling real property in Hawaii will be subject to a 5% tax by the state of Hawaii. If you are selling your property at a loss you can apply for a refund from the State of Hawaii or the U.S. IRS after the close of escrow. All tax questions must be reviewed by a Certified Public Accountant to ensure accurate filing.