Title companies in 6 more counties must report all-cash deals
I mentioned earlier in the year about how the Federal Government started requiring title companies to identify buyers behind LLCs that purchase high end real estate in Miami and New York City. They have now expanded the requirement to 6 new counties-- (1) all boroughs of New York City (2) Miami-Dade County and the two counties immediately north (Broward and Palm Beach) (3) Los Angeles County, California (4) three counties comprising part of the San Francisco area (San Francisco, San Mateo, and Santa Clara counties) (5) San Diego County, California (6) the county that includes San Antonio, Texas (Bexar County). The monetary thresholds for each geographic area can be found in this table More info here-- https://www.fincen.gov/news_room/nr/html/20160727.html
