title company for real estate in Florida
Title Company for Real Estate in Florida: Why Is It Necessary for Foreign Investors?
There is no news that Florida is one of the most desired destinations for international homebuyers worldwide. Even at a glance, it is easy to see the potential for real estate investors in the region.
However, foreign investors must be aware that the closing process can be difficult without professional help. While the realtors are responsible for finding the ideal property, a title company is responsible for making the whole process easier. Knowing this, it is possible to see the importance of a reliable title company when investing in real estate in Florida.
What Type Of Legal Services Does A Title Company In Florida Provide?
Foreign investors must be aware of the FIRPTA (Foreign Investment in Real Property Tax Act) law. This set of regulations is an IRS (Internal Revenue Service) rule that binds income tax on every foreign individual on dispositions of U.S real property interests.
The IRS is responsible to hold the buyer accountable once taxes are not paid, which cannot be overlooked by potential real estate investors.
Marina Title Can Help Foreign Investors Who Need A Reliable Title Company for Real Estate in Florida:
This type of service is essential when it comes to the closing process. Mistakes made during the procedures leave a breach for potential violations or loss of rights. That said, it is fundamental that international investors seek a title company when investing in real estate in Florida.
We are a Miami based title company that has reliable partnerships with specialized CPAs. First, our professional approach will soothe the closing procedure, as we oversee the legal aspects related to the investment. Beyond that, the CPAs will help with all related taxes questions and concerns as well.
It is our responsibility to take a step further during the closing process to ensure the transfer of title with total efficiency. Acting as a reliable intermediator, we double-check if both parties’ interests are protected under the terms and conditions of the policy.
Our services will make this process much easier, given that it requires a strategic approach. Closing a title can be complex for foreigners who are acquiring properties in Florida. Here at Marina Title, we have a team of agents specialized in closing title operations. These agents have years of successful experience closing titles for foreign real estate buyers.
Now You Have a Reliable Title Company In South Florida:
Do not let regulation be a bother when acquiring real estate in South Florida. We are the specialized title company for real estate in Florida. Contact us today by calling us to (305) 901-5628 or sending us an email to [email protected]
