Real Estate complications
Best to avoid attempting 30 day closings even for cash transactions. Even 60 day closings are having issues.
The ransom the hackers are demanding must be pretty high. Maybe too high for the cash strapped government. Its not the first time a VI government agency has been hacked and won't be the last.
Thursday, April 29
Every day for the last week, and as early as 7:25 a.m. Wednesday morning, VITAR has been in contact with the Governor, Lt. Governor, and their team regarding the backlog of the unscanned documents at the recorder of deeds (ROD) offices on both islands. This backlog has caused closing delays and lots of frustration for our members and the consumers they serve.
We received an email from Lt. Governor Roach's team indicating all documents have been scanned and recorded for the two islands as of Wednesday, April 28. We applaud the great work by the employees at the St. Thomas office. We pointed out to the Lt. Governor's team that the last set of documents posted on the ROD for St. Croix was March 11, 2021. This office is understaffed, and we offered volunteer support to bring the office up to date.
Lastly, VITAR Leaders have requested a meeting with Governor Roach to discuss the timely processing of maps at the Cadastral office and tax clearance letters.
Thank you to all the REALTORS® who wrote, texted, and called on all three islands. You have helped us speak with one voice for real estate.
Ava Gail Bourdon
Virgin Islands Territorial Association of REALTORS®