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If real property is sold to a county or municipality, is/are the seller(s) exempt from payment under the seller’s assurance box #4 on the GIT/REP-3 form?

April 26, 2017assurance County exempt git Municipality payment Property rep-3 seller sold

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If real property is sold to a county or municipality, is/are the seller(s) exempt from payment under the seller’s assurance box #4 on the GIT/REP-3 form?

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No. The seller(s)/grantor(s) must fill out the appropriate GIT/REP form based on his/her/their residency status. A county or municipality is not considered an agency or authority of the United States of America, an agency or authority of the State of New Jersey, the Federal National Mortgage Association, the Federal Home Loan Mortgage Corporation, the Government National Mortgage Association, or a private mortgage insurance company.