On the contrary, a foreigner's taxable U.S. estate only includes U.S. situs assets.[1] The definition of U.S. situs assets includes real property, but excludes some intangible property such as stock in foreign corporations.The estate tax is currently levied on the estates of natural persons at a maximum 45% rate, increasing to 55% in 2011.

i'm an indian citizen and have strong affinity towards investing in usa property, but i'm little bit confused with the law and order prevailing in usa for a foreign national purchasing property in usa. if anyone has the complete set of information or links to some websites which has all necessary information with respect to all the above which i have stated kindly help. the information alsoshould contain taxes and duties levied oved the property when registering and also year on year tax payments

Highlights of the new regulations include:--A Form 668, Notice of Federal Tax Lien, may be filed either in paper form or electronically;--With regard to a Notice of Federal Tax Lien that includes a certificate of release, failure to timely refile the Notice in any jurisdiction where it was originally filed would extinguish the lien;--A purchaser of property in a casual sale is protected against a filed tax lien if the sale price is less than $1,000 (adjusted for inflation - $1,320 in 2008);--A holder of a mechanic lien is protected against a filed tax lien with respect to residential property in an amount up to $5,000 (adjusted for inflation - $6,600 in 2008);--Household goods are exempt from levy to the extent they don't exceed $6,250 in value (indexed for inflation - $7,900 in 2008);--The regulations indicate that there is generally a 10-year period (reflecting the period in Code Sec. 6502 ) for instituting a proceeding in court or serving a levy to collect a properly assessed tax.Preamble to Proposed Regulations 4/16/08; Prop Reg § 301.6323(b)-1 , Prop Reg § 301.6323(c)-2 , Prop Reg § 301.6323(f)-1 , Prop Reg § 301.6323(g)-1 Labels: Levies, Liens

What's your state's excise tax?

The bank would pay commissions, excise tax when selling and back property tax.I'm torn if I should release my option.

And if those parents own real estate upon which a lien may be levied... you will have a better position of strength.

It has been urged and echoed, that the power "to lay and collect taxes, duties, imposts, and excises, to pay the debts, and provide for the common defence and general welfare of the United States," amounts to an unlimited commission to exercise every power which may be alleged to be necessary for the common defence or general welfare.

@Jeffrey Levy no, I don't definitively know why there is this seasoning period. 

Physical presence will mean you are subject to any sales tax, property tax, income tax or other excise taxes of that particular state as well as reporting the income and expenses to your state.

Washington has no state income tax either, but it has a high sales tax, property tax is quite high and many different excise taxes.