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Author: Federal Title

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The basics of FIRPTA withholding tax

Written by Federal Title on .

When getting prepared for settlement, one of the concerns of every settlement company is whether the seller is affected by the Foreign Investment Real Property Tax Act (FIRPTA). In fact, all settlement companies will require the seller to...

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Purchasing a condo: FAQs

Written by Federal Title on .

Reviewing and understanding a condominium’s declaration and bylaws is extremely important. These documents stipulate nearly every aspect of condominium living — from the election of the board of directors of the condominium association, to...

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Helpful links for homebuyers

Written by Federal Title on .

Discover external links to websites with valuable information. Find other useful lists and links at the bottom of this page. District of Columbia Dept. of Housing & Community Development Homestead Deduction First-time homebuyer tax...

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TOPA requirements for closing

Written by Federal Title on .

In addition to providing Federal Title & Escrow Company with evidence of proper and timely notices to tenant(s) in accordance with Title IV of D.C. Law 3-86, "RENTAL HOUSING CONVERSION AND SALE ACT OF 1980 (a.k.a. TOPA)," Federal Title...

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DC landlord / tenant information

Written by Federal Title on .

Under the Rental Housing Conversion and Sales Act (hereinafter the "Act"), [1] District of Columbia residential tenants have unusual rights.Unlike other jurisdictions, before an owner of a housing accommodation [2] may sell the accommodation,...

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