DC, MD, VA, PA & FL real estate settlements
Forms
Various forms are available for your download below. Fax completed paperwork to 202 521-1802 (retail) or 410 275-0570 (investor department), upload your documents HERE, or use the URL on your welcome materials to submit information online.
How to Title Property
When you buy real estate, you choose how to hold title to the property. When more than one person is involved as a purchaser, there are several choices for titling. The Choice of Tenancy form available for download below identifies those choices. Please review it carefully with the other owners, complete, sign and return to us when you’ve made your decision.
Disbursement — Sale or Refi Proceeds
As a seller, you need to instruct us how to disburse your sale proceeds. As a borrower in a refinance transaction, you may need to tell us how to disburse refinance proceeds. Use one of the following disbursement authorization forms to provide wire or other instructions.
Disbursement Authorization (sale)Disbursement Authorization (refinance)
Corporate Sellers
When a Corporation is the owner of property, we will need certain documents and information in order to proceed to settlement. You can use the following form or a copy of your own Resolution.
Withholding
At closing you will be presented with a Non-Foreign Affidavit for execution. If you are unable to execute this Affidavit, FIRPTA (withholding tax on foreign persons on dispositions of U.S. real property interests) may apply. These FIRPTA withholding instructions will guide us in determining whether and how much to withhold.
Title Insurance
As a buyer, you choose the level of Owners Title Insurance coverage you want. There are essentially 2 choices — Basic or Enhanced. Below is a link to an informative chart which identifies the title issues which are covered by Basic (ALTA) Owners vs. Enhanced Owners coverage.
Owners Title Insurance Coverage Comparison
If you elect NOT to obtain owners title insurance (note: very few owners elect not to obtain owners coverage), we will need you to acknowledge this in writing on a form such as this:
LLC Sellers
When an LLC is the owner of property, we will need certain documents and information in order to proceed to settlement. For example, we need the identity of the current Manager — or other authorized signatory — who will be signing documents at closing. Use the following form to provide this information, attaching the supporting documentation before returning it to us:
Trust Sellers
When a trust is conveying property, we will either need copies of the Declaration of Trust or a Certificate of Trust which identifies the trustee(s) and confirms that the trustee(s) have authority to convey.For Maryland transactions: If you are a non-resident who owns and is selling or transferring real property in Maryland, you must make a tax withholding payment to the Clerk of the Circuit Court. The payment must be made before the deed or other instrument of transfer is recorded. We collect this tax in full at settlement unless you are exempt or have received a partial exemption or reduction. Download the package for more information.
Withholding Requirements for Sales of Property by Non-Residents
When you buy real estate, you choose how to hold title to the property. When more than one person is involved as a purchaser, there are several choices for titling. The Choice of Tenancy form available for download below identifies those choices. Please review it carefully with the other owners, complete, sign and return to us when you’ve made your decision.
As a buyer, you choose the level of Owners Title Insurance coverage you want. There are essentially 2 choices — Basic or Enhanced. Below is a link to an informative chart which identifies the title issues which are covered by Basic (ALTA) Owners vs. Enhanced Owners coverage.
Owners Title Insurance Coverage Comparison
If you elect NOT to obtain owners title insurance (note: very few owners elect not to obtain owners coverage), we will need you to acknowledge this in writing on a form such as this:
As a seller, you need to instruct us how to disburse your sale proceeds. As a borrower in a refinance transaction, you may need to tell us how to disburse refinance proceeds. Use one of the following disbursement authorization forms to provide wire or other instructions.
Disbursement Authorization (sale)Disbursement Authorization (refinance)
When an LLC is the owner of property, we will need certain documents and information in order to proceed to settlement. For example, we need the identity of the current Manager — or other authorized signatory — who will be signing documents at closing. Use the following form to provide this information, attaching the supporting documentation before returning it to us:
When a Corporation is the owner of property, we will need certain documents and information in order to proceed to settlement. You can use the following form or a copy of your own Resolution.
At closing you will be presented with a Non-Foreign Affidavit for execution. If you are unable to execute this Affidavit, FIRPTA (withholding tax on foreign persons on dispositions of U.S. real property interests) may apply. These FIRPTA withholding instructions will guide us in determining whether and how much to withhold.
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