ACRIS & Westchester P.R.E.P. Instructions 1. Please submit your request at least three days prior to closing. 2. If PREP/E-Forms are to be used in conjunction with a transaction that is to be insured by Spano Abstract Service Corp., a preparation fee of $150 will be added to your title bill. 3. If these forms are NOT part of a transaction to be insured by Spano Abstract Service Corp., the sum of $150 will be due and payable upon receipt of the forms. Please be advised this request only pertains to the transfer document creation. If you would like Spano Abstract Service Corp.to record a deed or file a co-op, which includes cover page creation, please return the fully executed forms to our office with an additional $350 for 1-3 family dwellings, $500 for all other properties and $150* for NYC co-op filings. **IF SELLER OR BUYER IS A SINGLE MEMBER LLC, PROVIDE NAME AND SS# OR EIN#. IF THE ENTITY HAS MULTIPLE MEMBERS, LIST MEMBER NAMES ONLY.*** Applicant Information Returning Client? I am an existing Spano client. Client Name * Date Firm Name Address Address 2 City State Zip Code Telephone Email Address * Preferred Contact Method Email Only US Mail & Email Fax Overnight Delivery Property Information Property Address * Property City * Property State Property Zip Code Property Section Property Block Property Lot Property Borough/County Brooklyn (Kings)BronxQueensStaten Island (Richmond)Manhattan (New York)Westchester Size of Lot Property Assessed Value Property School District Co-op Name (If Applicable) Property Class Residential Commercial Property Description/Type * 1-2 Family 3 Family 4-6 Family 7+ Family Condominium Co-Op New Construction Vacant Land Unknown Transaction Information Title Number Total Consideration * Contract of Sale Date * Date of Conveyance * Conditions of Transfer Arms Length Transfer Correction Deed Transfer In Excercise of Option to Purchase Transfer by or to a Tax Exempt Organization Transfer from Cooperative Sponsor to Co-Op Organization Transfer of Property Partly Winthin and Partly Without NYC Transfer by Referee or Receiver Transfer of Successful Bid Pursuant to Foreclosure Transfer Pursuant to Marital Settlement Agreement or Divorce Decree Transfer by Borrower as Security for a Debt or by Lender to Return Such Security Deed In Lieu of Foreclosure Mere Change of Identity or Form of Ownership Transfer Pursuant to Liquidation of an Entity Transfer to a REIT or Entity Controlled by a REIT Transfer from Principal to Agent, Strawman, etc. & Vice Versa Other Transfer in Connection With Financing Transfer Pursuant to Trust Agreement or Will Gift Transfer Not Subject to Indebtedness Grant or Assignment of Leasehold Interest In Tax Free NY Area Gift Transfer Subject to Indebtedness Transfer to Business Entity In Exchange for Interest In Entity Transfer to Governmental Body OtherOther (Check all that apply) Schedule I - Transfer pursuant to a Separation or Marital Settlement Agreement, or Divorce Decree What was the fair market value of property at the time of transfer? Is at least one of the listed properties a 1, 2 or 3 family house, residential condominium or residential cooperative apartment? YES NO Was there a mortgage on the 1, 2 or 3 family house, residential condominium or residential cooperative apartment property(ies) at the time of transfer? YES NO What was the balance due? What was the Grantor's percentage of ownership at the time of the transfer? Percentage (%) of Ownership Presumption: YES NO If the transfer was between husband and wife jointly as Grantor and either husband or wife individually as Grantee, it is presumed that the percentage of ownership transferred will be 50% unless the deed specifies another percentage. Rebuttable Presumption of Fair Market Value: If the marital settlement, separation agreement or divorce decree specifies a value for the portion of the property or interest transferred that is different from fair market value, enter that value here. You may choose to submit relevant portions of your separation agreement, marital settlement agreement or divorce decree, or any other information in support of the value attributed to the transferred property if you have evidence that the consideration was other than fair market value. Seller-If Single Member LLC, Provide Member Names and SS# or EIN# Seller Name * Seller Address After Closing Seller City Seller State Seller Zip Seller Social Security Number EIN Number plus1 Add minus1 Remove Buyer-If Single Member LLC, Provide Member Names and SS# or EIN# Buyer Name * Buyer Address After Closing Buyer City Buyer State Buyer Zip Buyer Social Security Number EIN Number plus1 Add minus1 Remove Captcha If you are human, leave this field blank. Δ
