1,171,851
Neither. It is something to be aware of although only occasionally . . . my Q a few days ago is an example.
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Lyn Sims
Schaumburg, IL
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Kris Collis
Clarks Summit, PA
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Fred Griffin Florida R...
Tallahassee, FL
-
Don Baker
Eatonton, GA
-
John Juarez
Fremont, CA
-
KAREN SANCHEZ
Apple Valley, CA
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
Bob "RealMan" Timm
Minot, ND
-
Gary Frimann CRS, GRI,...
Gilroy, CA
-
Katina Hargrove 352-55...
Mount Dora, FL
-
Roy Kelley
Gaithersburg, MD
-
Brian England
Gilbert, AZ
1,790,661
Little to none for me.
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Golf Community Realty
Nipomo, CA
-
Eagle Ridge Realty
Gilroy, CA
-
Kris Collis
Clarks Summit, PA
-
Katina Hargrove 352-55...
Mount Dora, FL
-
John Pusa
Glendale, CA
-
John Juarez
Fremont, CA
-
KAREN SANCHEZ
Apple Valley, CA
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
Kathleen Daniels, Prob...
San Jose, CA
-
Bob "RealMan" Timm
Minot, ND
633,346
KAREN SANCHEZ I am not sure. What they need to focus on is, find the suitcases of money that left the country and bring it back, ha-ha
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Kris Collis
Clarks Summit, PA
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Katina Hargrove 352-55...
Mount Dora, FL
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John Pusa
Glendale, CA
-
John Juarez
Fremont, CA
-
KAREN SANCHEZ
Apple Valley, CA
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
Kathleen Daniels, Prob...
San Jose, CA
-
Bob "RealMan" Timm
Minot, ND
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Gary Frimann CRS, GRI,...
Gilroy, CA
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Candice A. Donofrio
Fort Mohave, AZ
5,496,304
I don't know enough about it, but it seems like a nothing burger, haha.
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Kris Collis
Clarks Summit, PA
-
John Pusa
Glendale, CA
-
John Juarez
Fremont, CA
-
KAREN SANCHEZ
Apple Valley, CA
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
Kathleen Daniels, Prob...
San Jose, CA
-
Bob "RealMan" Timm
Minot, ND
-
Gary Frimann CRS, GRI,...
Gilroy, CA
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Katina Hargrove 352-55...
Mount Dora, FL
463,558
We get lots of all cash buyers, LLC buyers, Buyers putting the purchase into a trust- so this will have an impact to our market. The last Fincen big change was in 2016- and that structurally changed our market but it did need to happen to route out money launders. I don't believe this will have an equivalent impact but it will add a lot more stress onto deals as buyers have even more work to do. That said- since our deals do take a long time compared to everywhere else- it will take awhile before it really hits deal flows.
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Michael Jacobs
Pasadena, CA
-
John Juarez
Fremont, CA
-
KAREN SANCHEZ
Apple Valley, CA
-
Kathleen Daniels, Prob...
San Jose, CA
-
Bob "RealMan" Timm
Minot, ND
-
Gary Frimann CRS, GRI,...
Gilroy, CA
-
Candice A. Donofrio
Fort Mohave, AZ
-
Katina Hargrove 352-55...
Mount Dora, FL
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Brian England
Gilbert, AZ
1,733,893
I'll let you know tomorrow as I'm taking a webinar on it to get a better understanding beyond the basics. So far a nothing burger in my 27 years - but always a first time for everything.
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Kris Collis
Clarks Summit, PA
-
Michael Jacobs
Pasadena, CA
-
Kathleen Daniels, Prob...
San Jose, CA
-
Bob "RealMan" Timm
Minot, ND
-
Gary Frimann CRS, GRI,...
Gilroy, CA
-
Katina Hargrove 352-55...
Mount Dora, FL
-
Brian England
Gilbert, AZ
-
John Juarez
Fremont, CA
-
Thomas J. Nelson, REAL...
San Diego, CA
1,652,275
The nature of my business is such that it will have little or no impact other than explaining another for to my buyers.
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Kris Collis
Clarks Summit, PA
-
KAREN SANCHEZ
Apple Valley, CA
-
Kathleen Daniels, Prob...
San Jose, CA
-
Bob "RealMan" Timm
Minot, ND
-
Gary Frimann CRS, GRI,...
Gilroy, CA
-
Katina Hargrove 352-55...
Mount Dora, FL
-
Brian England
Gilbert, AZ
-
John Pusa
Glendale, CA
3,480,401
Nothing so far.
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KAREN SANCHEZ
Apple Valley, CA
-
Kathleen Daniels, Prob...
San Jose, CA
-
Bob "RealMan" Timm
Minot, ND
-
Gary Frimann CRS, GRI,...
Gilroy, CA
-
Katina Hargrove 352-55...
Mount Dora, FL
-
Brian England
Gilbert, AZ
-
John Juarez
Fremont, CA
-
John Pusa
Glendale, CA
4,715,909
Hello KAREN SANCHEZ it is important to fallow Fincen guidelines. However some will not fallow Fincen requirements.
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KAREN SANCHEZ
Apple Valley, CA
-
Kathleen Daniels, Prob...
San Jose, CA
-
Bob "RealMan" Timm
Minot, ND
-
Gary Frimann CRS, GRI,...
Gilroy, CA
-
Katina Hargrove 352-55...
Mount Dora, FL
-
Brian England
Gilbert, AZ
-
John Juarez
Fremont, CA
-
Wanda Kubat-Nerdin - W...
St. George, UT
2,784,336
It's definitely a nothing burger for me KAREN SANCHEZ as I'm retired. Maybe when I shuffle off to a nursing home and sell my house but even then I will let my CPA figure it out. 😉
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Kathleen Daniels, Prob...
San Jose, CA
-
Bob "RealMan" Timm
Minot, ND
-
Gary Frimann CRS, GRI,...
Gilroy, CA
-
Katina Hargrove 352-55...
Mount Dora, FL
-
Brian England
Gilbert, AZ
-
John Juarez
Fremont, CA
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
John Pusa
Glendale, CA
3,581,496
So far, nothing for me in my world, KAREN SANCHEZ - no burger either.
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Katina Hargrove 352-55...
Mount Dora, FL
-
John Pusa
Glendale, CA
-
John Juarez
Fremont, CA
-
KAREN SANCHEZ
Apple Valley, CA
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
Bob "RealMan" Timm
Minot, ND
-
Kathleen Daniels, Prob...
San Jose, CA
1,735,912
Deer in the Headlights 🙂for me.
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Wanda Kubat-Nerdin - W...
St. George, UT
-
Kathleen Daniels, Prob...
San Jose, CA
-
Bob "RealMan" Timm
Minot, ND
-
Gary Frimann CRS, GRI,...
Gilroy, CA
-
Katina Hargrove 352-55...
Mount Dora, FL
-
Brian England
Gilbert, AZ
-
John Juarez
Fremont, CA
1,162,002
It is past due. Money laundering in our area is keeping the middle class from purchasing homes. SC got a big shock in the budget when they started charging capital gains at closing instead of expecting sellers to remember they owed SC money on the sale. $38,000,000 collected in the first quarter, after it was enforced. Some of the rules have been revised, but we are not bleeding revenue from non-residents selling their 2nd homes at the beach or in the mountains.
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Kris Collis
Clarks Summit, PA
-
Gary Frimann CRS, GRI,...
Gilroy, CA
-
Kathleen Daniels, Prob...
San Jose, CA
-
Katina Hargrove 352-55...
Mount Dora, FL
-
John Juarez
Fremont, CA
-
Wanda Kubat-Nerdin - W...
St. George, UT
1,592,975
We've been under it for a few years now out here, so it's pretty much a nothing burger. One new line item in the contract and some additional info is to be collected. Nothing major.
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Kris Collis
Clarks Summit, PA
-
Gary Frimann CRS, GRI,...
Gilroy, CA
-
Kathleen Daniels, Prob...
San Jose, CA
-
Katina Hargrove 352-55...
Mount Dora, FL
-
John Juarez
Fremont, CA
-
KAREN SANCHEZ
Apple Valley, CA
958,635
I don't think it was needed. If a seller wants to owner finance part of the sale price, that is common around here and shouldn't raise any red flags. I see lots of owners who request that their ownership info be "hidden by request" in public databases. I wonder if that will be looked at as a red flag now? Hard to say how many deals and people will be affected by FINCIN.
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Kris Collis
Clarks Summit, PA
-
Gary Frimann CRS, GRI,...
Gilroy, CA
-
Kathleen Daniels, Prob...
San Jose, CA
-
Katina Hargrove 352-55...
Mount Dora, FL
-
John Juarez
Fremont, CA
-
KAREN SANCHEZ
Apple Valley, CA
3,003,995
I am only here because of the "burger" in your decent question KAREN SANCHEZ
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Katina Hargrove 352-55...
Mount Dora, FL
-
Richie & You
Riverside, CA
-
John Juarez
Fremont, CA
-
KAREN SANCHEZ
Apple Valley, CA
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
Bob "RealMan" Timm
Minot, ND
1,461,955
Not an issue and another example of too little too late.
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Katina Hargrove 352-55...
Mount Dora, FL
-
John Juarez
Fremont, CA
-
KAREN SANCHEZ
Apple Valley, CA
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
Bob "RealMan" Timm
Minot, ND
-
Gary Frimann CRS, GRI,...
Gilroy, CA
8,704,089
-
KAREN SANCHEZ
Apple Valley, CA
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
Bob "RealMan" Timm
Minot, ND
-
Gary Frimann CRS, GRI,...
Gilroy, CA
-
Katina Hargrove 352-55...
Mount Dora, FL
7,223,477
Probably important, however not for me to worry about.
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John Juarez
Fremont, CA
-
KAREN SANCHEZ
Apple Valley, CA
-
Bob "RealMan" Timm
Minot, ND
-
Gary Frimann CRS, GRI,...
Gilroy, CA
-
Katina Hargrove 352-55...
Mount Dora, FL
488,671
a nothing burger in my market.
-
Tammy Lankford,
Eatonton, GA
-
Gary Frimann CRS, GRI,...
Gilroy, CA
-
Kathleen Daniels, Prob...
San Jose, CA
-
Katina Hargrove 352-55...
Mount Dora, FL
573,526
Cash buyers are a big part of out market but money laundering is not. Plus, we have attorneys handle closings so this all becomes their problem if there is one.
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Gary Frimann CRS, GRI,...
Gilroy, CA
-
Kathleen Daniels, Prob...
San Jose, CA
-
Michael Jacobs
Pasadena, CA
-
Katina Hargrove 352-55...
Mount Dora, FL
5,829,267
It's not something that will be rocking my world. But that being said, it is rocking the world of our real estate attorneys... so much more paperwork and so much risk if not completed correctly.
-
Gary Frimann CRS, GRI,...
Gilroy, CA
-
Kathleen Daniels, Prob...
San Jose, CA
-
Fred Griffin Florida R...
Tallahassee, FL
958,114
3,270,716