Thursday, January 14, 2016

Luxury Home Buyers Lose Anonymity: Could the "Test Program" Come to Central Florida?


 As a Realtor®, or as any person viewing public records may notice, many highly-priced properties show the homeowner of record as a  corporate or legal entity. 

This article from Florida Realtors newsletter notes the concern for balancing privacy issues of legitimate home owners with a need for clear identification of purchasers in order to avoid "laundering" of questionable funds. A "pilot program" requiring further disclosure of luxury home purchasers in New York and Miami is underway:

http://www.floridarealtors.org/NewsAndEvents/article.cfm?p=1&id=332528#.VpfS8-EgWAQ.email

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