Tag Archives: cash purchases of residential real estate

All-Cash Residential Real Estate Transactions – New Government Oversight Rules (Update)

Summary – ‘On July 17th, 2016, the Financial Crimes Enforcement Network (FinCEN), a bureau of the U. S. Department of Treasury, issued Geographic Targeting Orders to all title companies. The orders impose temporary new data collection and reporting requirements for all cash purchases of residential real estate by corporate entities in certain counties.‘ We continue […]