Here are the new parameters for those big cash deals – it looks like a trial run during the off-season? But at least there are fines and prison time if they can catch anybody. Thanks Michele and Alonzo at Ticor Title:
Jim Klinge
Klinge Realty Group
Broker-Associate, Compass
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More context, please. Reading from Boston, are these thresholds ones being used by CFPB? What other links, background can you provide for other markets that are concerned about the impact #SpeculatorsWithoutBorders are having on local affordability?
Welcome Bill and thanks for checking in!
Here are two posts on the topic:
https://www.bubbleinfo.com/2016/07/27/money-laundering-and-san-diego-county/
https://www.bubbleinfo.com/2016/08/11/who-could-benefit-from-vancouver-tax/