Boards have tools to keep unsavory buyers out of their buildings. In response to an influx of Limited Liability Companies – also known as LLC’s, or shell companies – paying cash for pricey apartments in New York City, the U.S. Treasury Department passed a regulation requiring title companies to divulge the names of individuals who pay more than $3 million cash for co-op and condo apartments in Manhattan and Miami. Read the article…………
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