ORIGIN OF FUNDS – When purchasing property in the Dominican Republic, if the funds to purchase the property will be coming to a Seller’s bank account established in the Dominican Republic, there could be a delay by the DR banks while verifying the origin of your funds. In addition to your ID’s, you may be asked to provide 6 months of bank statements or other investment plan statements, showing your account balance is consistent with the amount of funds you are sending to purchase the property. For sums over $200,000 U.S. you may also be asked to provide 2 years of your income tax filings. You can block out your SSN and bank or investment account numbers. As long as your name shows in the information provided, along with a contact phone number for your bank or financial institution.
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