Real Estate Crime Reporting Taken to New Levels
By Leanne Smith, The Grit and Gratitude Agent
(Dirt Road Real Estate)
Some residential home sellers and residential home buyers may not be aware of The Financial Crimes Enforcement Network (FinCn). This agency has rules specific to real estate crime and has just published new rules effective 3/1/26.WHY THE NEW RULE?This new crime rule is two fold: Prevent money laundering Increase transparency within real estate transactions WHAT AND WHO DOES THIS NEW RULE AFFECT?These new FinCn rules affect mostly residential real estate and vacant land purchased vacant lots only when used for residential homes. This new rule affects three specific criteria:#1 - Transfer of residential property#2 - A non-financed transaction that includes: Cash Hard Money Loans Private/Seller Loans (Owner Carry) #3 - Transfer is to a legal entity or trustNOTE: Residential property is def...
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