New anti-money laundering rule for cash purchases is now in effect

Under the new rule, when a legal entity or trust purchases a piece of residential real estate without the use of financing, closing or settlement agents must report details of the transaction. Continue reading

ATTOM data tool sniffs out true ownership of properties in LLCs

The “Transparent Owner” tool is becoming available as the Financial Crimes Enforcement Network, or FinCEN, prepares to crack down on money laundering in residential real estate. Continue reading