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

Tighter federal regulations coming to luxury real estate market soon

The U.S. Treasury Department is poised to enact expanded reporting measures on luxury home sales, putting an end to anonymous purchases that have enabled oligarchs, terrorists and others. Continue reading

Haven’t used much of that rental assistance yet? The Treasury could take it away

Groups that have received federal rental assistance and have not yet used a certain portion of it might soon see the funds revoked by the U.S. Department of the Treasury and redistributed elsewhere. Continue reading

Banks get first grab at stimulus checks

Nothing in the CARES Act precludes banks from garnishing the federal stimulus checks currently being disbursed to Americans. Continue reading