Get some #exercise today! St. Augustine beach, 9/28/17!
Need a Florida title closing company? Contact Timeshare Title or shoot us an email at closings@timesharetitlepro.com (www.timesharetitlepro.com).
Need legal help? Contact Florida attorney Stephen Difato (all real estate matters, estate planning, probate, and personal injury).
#shoutout to Tory Strange for the photos!
#sunrise #naturegram #naturelovers #naturephotography #instanature #mothernature #natureza
Golden beach sunrise at St. Augustine beach on 10/10/17! 
Great sunrise in St. Augustine beach on 10/9/17!
Need a Florida title closing company? Contact Timeshare or shoot us an email at closings@timesharetitlepro.com
Need legal help? Contact Florida attorney Stephen Difato of Avolio (all real estate matters, estate planning, probate, and personal injury)
By Tory Strange of the Surf Station #photooftheday #beautiful #sunrise #picoftheday #nature #beach #sky @stephendifato @timesharetitle http://www.timesharetitlepro.com #surf #waves #beach #staugustine
Choppy waves out there at the St. Augustine beach on 10/2//17… waves might shape up – we’ll see!
Need a Florida title closing company? Contact Timeshare or shoot us an email at closings@timesharetitlepro.com
Need legal help? Contact Florida attorney Stephen Difato of Avolio and Hanlon PC of St Augustine (all real estate matters, estate planning, probate, and personal injury)
By Tory Strange of the The Surf Station
#photooftheday #beautiful #sunrise #picoftheday #nature #beach #sky
www.timesharetitlepro.com
Awesome sunrise in St. Augustine beach on 9/28/17!
Need a title closing company? Contact Timeshare Title or shoot us an email at closings@timesharetitlepro.com
Need legal help? Contact Stephen Difato of Avolio and Hanlon PC of St Augustine (all real estate matters, estate planning, probate, and personal injury)
By Tory Strange of the The Surf Station
#photooftheday #beautiful #sunrise #picoftheday #nature #beach #sky
Timeshare Title is happy to be supporting our local business owners like Tory Strange, owner and founder, of the The Surf Station. Timeshare Title will be bringing you new and beautiful pictures of our beaches and culture here in Saint Augustine, Florida courtesy of Tory and his team at The Surf Station. Each day we will be posting pictures of the beach and surrounding areas!
Here is the first of many! A beautiful sunrise surf this Tuesday morning in St. Augustine beach. Great waves today for those of us not in the office… but if you are and need some help relating to property, give a call or email to Timeshare Title (closings@timesharetitlepro.com)or for legal help, contact Stephen Difato (sfd@avoliohanlonfl.com) at Avolio and Hanlon PC of St Augustine.
Looking to deed your property over to relative or your business? Give us a shout – we can help out!
Deeding property over to another entity is not a complex process but there is language in a deed that defines what type of deed it is and protections it offers. Before trying to do it on your own or taking a template off the internet, give us a call and hopefully we can help you.
Contact us at www.timesharetitlepro.com or email us at closings@timesharetitlepro.com
This is a common, and understandable, question and there are two documents that require it. The first is FIRPTA and the second is the 1099-s Form. This week, we will only focus on FIRPTA… So what is “FIRPTA”?
All closings regarding real property in the United States must comply with the laws under the Foreign Investment in Real Property Tax Act of 1980, 26 U.S.C. § 1445 (“FIRPTA”). The FIRPTA statute require all closing agents, title companies or attorneys, to withhold 15% of the net proceeds of any transactions that include real property for the purposes of paying any outstanding property taxes.
This statute was created and intended to protect against non-resident foreign, alien, sellers who do not pay the property taxes on their sold property, then transfer the property sale proceeds out of country, leaving the buyer, or potentially the closing agent, with a tax bill that they are not responsible for.
However, FIRPTA does provide exceptions to their withholding requirement.The simplest, and most applicable one, is for the sellers to (1) sign an affidavit, (2) containing the sellers’ Social Security Numbers, (3)stating that the sellers are not subject to FIRPTA, and that the (4) sellers are US citizens for the purposes of the transaction. If you can do this, we do not need to withhold and proceeds from the transaction and why we request your social security number.
What if I’m not a US citizen? FIRPTA withholding does not necessarily apply to all non US citizens. If you have a green card or pass the Substantial Presence Test, as defined by the statute you will qualify for an exemption from FIRPTA. The Substantial Presence Test has a variation of qualifications, but in general, if you have been in the US for 183 days over a 3 year period, and at least 31 of those days are from the current calendar year, you qualify as a US resident for tax purposes.
If you have any questions. visit the IRS website explaining FIRPTA: https://www.irs.gov/individuals/international-taxpayers/firpta-withholding or feel free to send us an email at closings@timesharetitlepro.com, check out our website @ http://www.timesharetitlepro.com, or call our office at (904) 342-2370 for more information!
An estoppel letter is a legal document provided by the seller’s timeshare management company, homeowner’s association, or condominium association. The estoppel letter states the current owner’s financial standing in regards to the owner’s maintenance fees or association dues. It will show any past due balances, current fees due, and lists any future special assessment dues.
The management company or association normally charges a fee to prepare the estoppel letter and by law they have 15 business days to provide the letter after requested. The estoppel letter preparation fees can range from zero to $500.00 and is regulated by the State of Florida. Many companies and associations will charge an additional rush fee if the letter is needed before the 15 days, as well as an update fee if the closing is delayed beyond the good through date.
Why do I need an estoppel letter? Any property being sold with title insurance will require an estoppel letter so the title agent can clear the title of any encumbrances created by the seller. Thus, giving the buyer clear title, with no hidden encumbrances to worry about.
TIP: If association dues are not paid, an association may have the right to place a lien on your property!
If you or someone you know is selling property or needs help with the process of selling their property, give us a call at (904) 342-2370 or email us at closings@timesharetitlepro.com. We hope we can help you in anyway possible and we will be happy to explain how title insurance further.
http://www.TimeshareTitlePro.com
When you purchase property, you receive what’s called a deed to the property. When you receive the deed, it should be recorded in the public records of the county that the property is located in. Recording your deed, however, does not guarantee or insure that you are the sole owner of the property. For instance, there may be a mortgage on the property that has not been recorded on public records and thus a bank that you have no knowledge of may have an interest in your property. What do you do? What should you have done?
You should have purchased title insurance with your closing. Title insurance is a type of insurance that insures and protects against financial loss due to defects in title to real property. An individual, typically the Buyer in a transaction, needs title insurance to protect against all of the known and unknown people who may have a valid or invalid interest in their soon to be property. There is a vast array of possible defects that title insurance can protect against. Some defects being deed defects, defects in the chain of title, liens on the property, outstanding and unrecorded mortgages, encroachments, and hundreds of others. Title insurance will defend against a lawsuit attacking the title, or reimburse the insured for the actual monetary loss incurred up to the dollar amount of insurance provided by the policy.
If you have further questions about title insurance, check out our site’s FAQ page for more information at http://www.timesharetitlepro.com, email us at closings@timesharetitlepro.com, or give us a call at (904) 342-2370 and we will be happy to explain how title insurance further.
By Stephen Difato
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