At 1.01 p.m., we anxiously log on to the HUD website and find the listing with "Sold" marked across it. Our hearts skip a beat, then sink when we see the accepted price of US$262,200. A few seconds later, the page loads and we are stunned — then thrilled — to see itisour bid that has been accepted. But now we face a new hurdle: In some southern states, including Arizona and Florida, a title company handles home purchase transactions, not a lawyer. In a recent paper, Mr. Yager explains the ins and outs of home ownership and tax consequences for Canadians buying real estate in the United States,There’s a lot to consider.

Source: National Post February 05, 2020 17:38 UTC