All-cash buyer rules were renewed for another 180 days by FinCEN

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The Department of the Treasury ordered title professionals to continue to identify all-cash buyers who purchase properties above different price thresholds in several counties or metropolitan statistical areas in California, Florida, Texas and New York to the department’s Financial Crimes Enforcement Network (FinCEN) through Aug. 22, 2017.

In Aug. FinCen extended its all-cash buyer rules to Honolulu as well.