Federal Government will start tracking cash buyers of luxury real estate
Starting in New York and Miami, the federal gov't is asking title companies to identify buyers who use an LLC who purchase luxury real estate. This may roll out nationally.
More details here--
http://www.nytimes.com/2016/01/14/us/us-will-track-secret-buyers-of-luxury-real-estate.html?_r=1
http://www.inman.com/2016/01/13/no-more-secret-luxury-real-estate-cash-buyers
More details here--
http://www.nytimes.com/2016/01/14/us/us-will-track-secret-buyers-of-luxury-real-estate.html?_r=1
http://www.inman.com/2016/01/13/no-more-secret-luxury-real-estate-cash-buyers
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