Question 1

What is a Closing Disclosure (CD) form?

Accepted Answer

A Closing Disclosure (CD) form is a document that provides disclosures to help borrowers understand all the costs of a real estate transaction. This form is required to be given to consumers three business days before the closing.

Question 2

What is FIRPTA?

Accepted Answer

FIRPTA stands for the Foreign Investment in Real Property Tax Act. This U.S. tax law requires all persons, whether foreign or domestic, to pay income tax on the disposition of U.S. real property interests. It was put in place to collect taxes from foreign persons.

Question 3

What is an earnest money deposit?

Accepted Answer

An earnest money deposit is a down payment made by a purchaser of real property as evidence of good faith. It is a deposit or partial payment made at the time of the purchase agreement. Customers can now send funds electronically with Town N' Country Title using their platform, Paymints.io.

Town n' Country Title

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What is a Closing Disclosure (CD) form?

What is FIRPTA?

What is an earnest money deposit?

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