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DISTRICT OF COLUMBIA IS A ATTORNEY AND TITLE COMPANY CLOSING JURISDICTION
Investor Friendly Attorneys, or Investor Friendly title insurance companies, or their agents may conduct closings.
Conveyances are by bargain-and-sale deeds. Though mortgages are available, the deed of trust, containing private power of sale, is the security instrument of choice.
Foreclosures require at least six weeks and start with a 30-day notice of sale sent by certified mail.
ALTA policies and endorsements insure title. Buyers generally pay closing costs, title insurance premiums, and recording taxes. Sellers pay the transfer tax.
Property taxes fall due annually or if they’re less than $100,000, semiannually, on September 15th and March 31st.
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