STG Notice - Interest Of Foreign Persons (To Purchaser)
NOTICE TO PURCHASER
NOTICE TO PURCHASER(S) REGARDING TRANSFERS OF U.S. REAL PROPERTY INTEREST BY FOREIGN PERSONS; SALE BY ____________________
________________ (SELLER) TO ___________________________________________ (PURCHASER); GF# _______________ ;
_______________________________________ (Company) hereby advises you as purchaser from a foreign person as defined under applicable federal law and regulations that you may have an obligation to withhold up to 10% of the amount realized in connection with the transfer to you of the above referenced property. You should seek independent legal advice as to such matter. As Purchaser you hereby acknowledge that you have hereby been informed of this matter, that Company and Stewart Title Guaranty Company have no obligation to verify whether Seller is a foreign person and whether withholding is required, nor does Company have any obligation to withhold any such funds or to file any return or funds with the Internal Revenue Service.
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