USA: U.S. expands crackdown on secret real estate buyers

Realopedia Global Real Estate Portal

The government's crackdown on anonymous real estate buyers hiding behind shell companies seems to be working.

In January, the Treasury Department announced a temporary initiative that requires title insurance companies to identify all-cash buyers of certain high-end real estate in Manhattan and Miami.

Read more on: money.cnn.com

Source : USA: U.S. expands crackdown on secret real estate buyers