Hypothetically, a US resident owns a house and they choose to transfer ownership (with acceptance from mortgage loaning company) to a non-resident, like a Canadian. Is this possible? If so, what would be required to do so? Ex: tax obligation, legal fees, etc.
I can only find answers regarding transferring property to a non-resident spouse. Though, would a family tie assist the potential transfer of property go through successfully?
Read more: Is It possible for a US resident to transfer ownership of real estate (house) to a non-resident, for example a Canadian?
