Guam Acquisition Title Opinion

State:
Multi-State
Control #:
US-OG-458
Format:
Word; 
Rich Text
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Description

The Acquisition Title Opinion, this is a form for an acquisition title opinion.
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FAQ

Can a U.S. Citizen Buy Property on Guam? Yes. Both U.S. citizens and permanent residents can buy property on Guam without restrictions, including houses and condos.

Guam became a U.S. territory in 1898 and placed under the jurisdiction of the U.S. Navy. The Guam Organic Act of 1950 conferred U.S. citizenship on Guamanians and established the territory's government. The Act also transferred Federal jurisdiction over Guam from the U.S. Navy to the Department of the Interior.

The Defense Department owns about 25 percent of Guam's 212 square miles of land area, including Andersen Air Force Base and several Navy installations. Andersen includes the Air Force's largest aircraft fuel storage facility and one of its biggest bomb depots.

Yes. Because the US has no citizenship requirement for real estate sales, non-US citizens can buy property in the US. In fact, foreigners can even qualify for a mortgage if they meet certain requirements.

Yes. Both U.S. citizens and permanent residents can buy property on Guam without restrictions, including houses and condos. By the way, the same isn't true of Guam's neighboring islands, the Commonwealth of the Northern Mariana Islands.

America used Guam to harbor nuclear missile submarines, long-range bombers, satellite and underwater cable communications centers, large facilities for electronic intelligence gathering, and stockpiles of conventional and nuclear weapons.

Investing in rental property in Guam is a great option for those looking to build wealth. Not only is the island - a good destination with an enviable tropical climate, but it can also be an attractive option for many military members.

Additionally, Alaska, Florida, Kentucky, and Tennessee are elective community property states, and of the five inhabited US territories, Puerto Rico and Guam are community property jurisdictions.

Spain and the U.S. declared war on each other in 1898. As part of their campaign during the Spanish-American War, the United States captured Guam in a bloodless landing on June 21, 1898. In 1898, the Treaty of Paris formalized the handover, and Guam officially came under U.S. rule.

The U.S. military owns about 49,000 acres of land on Guam, roughly a third of the island. Anderson Air Force Base and Naval Base Guam are already installed there and the military buildup will add a third: Marine Corps Base Camp Blaz.

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Guam Acquisition Title Opinion