In Miami-Dade, the first-of-its-kind study found a 95 percent drop in how much cash shell companies and other corporate entities spent on homes. The decline began immediately after the [GTO] rule took effect in March 2016. Nicholas Nehamas and Rene Rodriguez, How Dirty Is Miami Real Estate? Secret Home Deals Dried Up When Feds Started Watching,
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How dirty is Miami real estate? Secret home deals dried up when feds started watching . interesting read. miamiherald.com A new study may measure just how dirty Miami real estate really is. Economists looked at a recent federal crackdown on cash home sales and found evidence of buyers trying to avoid detection.
· The Miami Herald has a fascinating story today: “How Dirty is Miami real estate? Secret home deals dried up when feds started watching.” The story highlights multi-million-dollar cash buyers in the real estate market who shield their identities. A new study says that once the U.S. Treasury Department issued a temporary rule to try to [.]
07/23/2018 How dirty is Miami real estate? Secret home deals dried up when feds started watching . Real estate buyers paying cash to launder criminally-obtained funds can’t hide behind Delaware, Nevada, or Wyoming LLC’s or Florida land trusts anymore.
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Residents of a Brazilian city were puzzled by a menacing yet eerily beautifully dust cloud hanging over their homes. João Paulo Magalhães shared a video of the apocalyptic sight from a petrol station.
· Secret home deals dried up when feds started watching MIAMI – When a company called the Flower of scotland paid .13 million – in cash – for a three-bedroom condo in Sunny Isles Beach last year, it had to do something unusual: tell the federal government who its real owner was.
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