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Selling timeshare & title co is requiring my Social Security #

B

bpease

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I am selling my timeshare which does not have a loan against it and the title company is telling me that I need to provide my SS# for the closing docs. I am not crazy about this and would like to know if anyone knows why?

Thank you for your time.
 
bogey21

bogey21

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Maybe they have to report the sale and sale proceeds to the IRS. If so, they need your Tax ID

George
 
richardm

richardm

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You are likely selling real property with proceeds greater than $600. They will have to report the sale to the IRS.
 
rapmarks

rapmarks

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bluegreen required our socials when we purchased a UDI for zero dollars. The entire family had to send in driver's license, social, fill out W 9's.
 
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