FINCEN!
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FINCEN! (by mapleaf18 [NY]) Apr 10, 2026 3:30 PM
       FINCEN! (by Ken [NY]) Apr 10, 2026 3:37 PM
       FINCEN! (by NE [PA]) Apr 10, 2026 4:04 PM
       FINCEN! (by Ken [NY]) Apr 10, 2026 4:07 PM
       FINCEN! (by NE [PA]) Apr 10, 2026 5:19 PM
       FINCEN! (by zero [IN]) Apr 11, 2026 8:00 AM
       FINCEN! (by Ken [NY]) Apr 11, 2026 9:52 AM
       FINCEN! (by BRAD 20,000 [IN]) Apr 11, 2026 7:17 PM
       FINCEN! (by Ray-N-Pa [PA]) Apr 13, 2026 6:48 AM
       FINCEN! (by Mapleaf18 [NY]) Apr 14, 2026 10:29 AM

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FINCEN! (by mapleaf18 [NY]) Posted on: Apr 10, 2026 3:30 PM
Message:

So far, a Texas judge is holding back the tide, but basically if you do a cash deal without bank financing including seller financing for residential real estate, you are subject to a colonoscopy. To date, commercial RE is exempt, however "mixed use" is not.

reuters.com/legal/government/us-judge-strikes-down-rule-targeting-money-laundering-real-estate-2026-03-20/

Also the purchase contract is being revised so that a cash buyer who "takes advantage" of someone in foreclosure can be sued.

I have the slide presentation if anyone is interested.

--64.246.xxx.xx




FINCEN! (by Ken [NY]) Posted on: Apr 10, 2026 3:37 PM
Message:

In NY if you take advantage of someone in foreclosure you can be sued under other laws.Every time i buy a house in foreclosure i am basically taking advantage according to the law but by the time i get to closing the people selling me those houses have become my friend and are just happy i got them out from under the problem.I bought one a couple years ago and the guy told me i was a godsend,my attorney and my wife are still laughing --98.98.xx.xx




FINCEN! (by NE [PA]) Posted on: Apr 10, 2026 4:04 PM
Message:

This will be in the dust bin of history in 2-3 years when they move in to something else. Remember RRP? --24.152.xxx.xx




FINCEN! (by Ken [NY]) Posted on: Apr 10, 2026 4:07 PM
Message:

NE-I have learned that for a short time after a new law everyone is trying to comply and uptight about it,as time goes on no even including attorneys,title etc even tries to comply any longer,everyone knows it is still there but noone bothers anymore --98.98.xx.xx




FINCEN! (by NE [PA]) Posted on: Apr 10, 2026 5:19 PM
Message:

Exactly Ken. Things get rather hum drum and predictable after a while. --24.152.xxx.xx




FINCEN! (by zero [IN]) Posted on: Apr 11, 2026 8:00 AM
Message:

But until they do it stinks for the ones that prefer to pay in cash.

Although I am reconsidering this on hold units as cash out refinancing ends up costing a little more. But the banks around here make it such a pain to buy a non-owner occupied place. It's as if they never work with investors. --47.227.xx.xxx




FINCEN! (by Ken [NY]) Posted on: Apr 11, 2026 9:52 AM
Message:

zero- look into DSCR loans, credit is about it. --98.98.xx.xx




FINCEN! (by BRAD 20,000 [IN]) Posted on: Apr 11, 2026 7:17 PM
Message:

Yesterday a mortgage broker friend told me it's gone.

From the official govt website:

ALERT [Updated March 26, 2025]:

All entities created in the United States — including those previously known as “domestic reporting companies” — and their beneficial owners are now exempt from the requirement to report beneficial ownership information (BOI) to FinCEN. Existing foreign companies that must report their beneficial ownership information have at least an additional 30 days from March 26, 2025—until April 25, 2025, for most companies—to do so. For more information, see press release and alert. --68.45.xxx.xxx




FINCEN! (by Ray-N-Pa [PA]) Posted on: Apr 13, 2026 6:48 AM
Message:

Brad, I would be interested in the slides --173.188.xx.xxx




FINCEN! (by Mapleaf18 [NY]) Posted on: Apr 14, 2026 10:29 AM
Message:

Interesting the meeting I went to last week was definitely in the camp that the "D"s are going to appeal this ruling and get it to go through regardless. --72.0.xxx.xx



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