Cash-Sale Disclosure Rule Expands to Palm Beach and Broward Counties
High-end homebuyers paying cash in Palm Beach and Broward Counties soon will have to reveal their identities as part of a federal program targeting money laundering in real estate.
In January, the Treasury Department said it was requiring title insurance companies to reveal the names of owners behind holding companies for sales priced at $1 million or more in Miami-Dade County and $3 million or more in Manhattan.
Beginning Aug. 28 and continuing for six months, that requirement will extend to cash buyers paying $1 million or more for homes in Palm Beach and Broward Counties. It also applies to other parts of New York, California and Texas... Continue Reading (Florida Realtors® News)
Author:Hristo Popov Phone: 561-308-2444 Dated: August 2nd 2016 Views: 79 About Hristo: ...
View our latest blog posts in your RSS reader. Click here to access.
We are a full service real estate brokerage with over 100 agents to serve you. Let us be your real estate resource. Regardless whether you need to buy or sell now, or sometime in the future, let us help you. We are no pressure and will always try and help. Contact us at 561-701-8124 now.
"When I sold my home I interviewed many Companies. Knowing most buyers come from the internet I was looking for a Company with a strong internet presence. I googled some terms like, "Lake Worth Homes For Sale" and "homes for sale in Lake Worth", and almost every time Exit Realty Premier was on the first page of Google. Then when I met with the agent from Exit Realty Premier and saw the HD photographs, aerial photos, on line visual tours and videos and all the technology I was sold. I signed with them and sold my home in record time, for the price I wanted and had a smooth quick closing. My agent was very professional and knowledgeable and kept me informed every step of the way.