Monday, April 15, 2013

Certified translations of letters from accountants



As mentioned in other posts, since the 2008 mortgage crisis, banks, brokers and financing companies in general, who operate in real estate markets have established more strict regulations concerning the financial health of the individuals buying property. 


In certain cases, in addition to income tax returns and bank statements, letters from accountants might be required to ascertain the individual buying the property has enough income to purchase and pay for maintenance.

Each case is obviously different, and each bank has different requirements, so it is impossible to tell before hand. Of course, the more expensive the property, the more likely requirements will be stricter.  
Generally, letters from accountants are 1-page documents, and the translation costs US$50.00. Of course, the translation of longer documents will cost more.

For further information,
http://www.legaltranslationsystems.com 

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