How complicated and how long will the charitable donation process take?
The donation process varies from property to property. There are many factors that can affect this process. Among these are a number of encumbrances ranging from civil liens to unpaid property taxes. Every effort is made to ensure that this is as simple and timely as possible from beginning to the final transfer of property title.

How will I know if Real Estate with Causes is willing to accept my charitable donation?
Upon the receipt of all documents and information, Real Estate with Causes will be able to determine if property can be received as a charitable donation.

Who pays the expenses?
All expenses incurred during the process are generally accepted as the responsibility of Real estate with Causes. There are exceptions to this and under certain circumstances, an agreement is made to share the expense of the acquisition of your charitable donation. (I.E., Title insurance, property insurance, environmental testing, probate or other issues and costs)

What costs can I expect to incur during the donation process?
Generally, the donor is responsible for all of the regular costs associated with the property until the acquisition of the property by the Real Estate with Causes. This may include, but not be limited to all taxes, bills, and mortgage. There are of course exceptions to this. Every donation is considered on a case-by-case basis.

What if I am missing important documentation?
Because closing the transaction usually takes place through a title company or another agent for the Donor such as an attorney, a title search will be performed so that all the necessary paperwork will be procured in order to proceed with the acquisition of the donation to Real Estate with Causes.

At what point will my responsibility to the Real Property end?
The donor's responsibility stops at the end of acquisition process by Real Estate with Causes.

Do I need to be present at the time of the closing?
No, at the time of the closing, all necessary paperwork has already been completed. The actual closing itself will simply be a paper transaction that occurs once all legal requirements for the transfer of you charitable donation have been completed. If in fact there are any additional issues that arise, usually in regards to the title search, all parties involved shall be properly notified. Usually if this happens, it is just a simple matter of signing additional documents and the issues can be resolved before the actual closing.

For any further questions, please do not hesitate to contact us.

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