Guam Deed Transfer Questionnaire

State:
Multi-State
Control #:
US-Q1010
Format:
Word; 
Rich Text
Instant download

Description

This form addresses important considerations that may effect the legal rights and obligations of the parties in a transferring real property with a deed. This questionnaire enables those seeking legal help to effectively identify and prepare their issues and problems. Thorough advance preparation enhances the attorney's case evaluation and can significantly reduce costs associated with case preparation.



This questionnaire may also be used by an attorney as an important information gathering and issue identification tool when forming an attorney-client relationship with a new client. This form helps ensure thorough case preparation and effective evaluation of a new client's needs. It may be used by an attorney or new client to save on attorney fees related to initial interviews.


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FAQ

Guam's new median price for a single-family dwelling is now $426,000, Cornerstone Valuation Guam, Inc.

Depending on your nationality, you may also need to present a valid foreign passport, visa and 2 or more valid photo IDs. By simply buying real estate in Guam, being a U.S territory, does not give foreign owners any rights or privileges concerning legal stay and status.

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.

Fee Simple Estates are the most common and grant a complete interest in land (its yours to be used without conditions or limitations).

Guam Sworn Annual Report Fee: $100 Your first annual report is due between July 1st and September 1st during the year following the calendar year in which your LLC was formed. Subsequent reports are due between July 1st and September 1st annually.

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. By the way, the same isn't true of Guam's neighboring islands, the Commonwealth of the Northern Mariana Islands.

The Land for the Landless program, created in 1978, allowed landless, low-income, residents to buy public land at a reduced price of $2,500, paid off over 10 years. The Land Trust allows indigenous residents, as defined by law, to apply for long-term leases of public land in the Land Trust inventory at $1 per year.

Anyone may buy and own property in the United States, regardless of citizenship. There are no laws or restrictions that prevent an individual of any foreign citizenship from owning or buying a home in the U.S.

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Guam Deed Transfer Questionnaire