What are FinCEN Geographic Targeting Orders and how do they affect my sale?
FinCEN GTOs may require title insurance companies to identify the natural persons behind entity purchases in certain jurisdictions, including NYC. If your buyer is purchasing through an LLC or other entity, the title company may need to conduct identity verification before closing. Additional reporting requirements under the Corporate Transparency Act and other regulations may also apply. Ensure your attorney and title company handle these checks proactively to avoid last-minute closing delays.
From the seller playbook: International Buyer Strategy
This is general information, not legal, tax or accounting advice. Every situation is different. Talk to a licensed attorney, accountant or tax professional before you act.
More questions on this topic
List for free, or go full service for 1%.
Use the playbook yourself, or let us run pricing, marketing and negotiation.