[BBB333]

“wondering who does real estate transactions in cash?”

Lot’s of folks.

My wife has one client that purchased three new townhomes, all in a row, for $400,000+ each and wrote a check for each one.

Last week one of her agents closed a listing for $7,000,000+ — same deal.

[Cletus.D.Yokel]

Each one generating an SAR (Suspicious Activities Report), by regulation.
It is known.

[stylin19a]

yikes...thanQ for that...but writing a check is still not cash...the post was about phony cash\cloned currency and how it gets into circulation...

suprised those deals didn't require a certified check...

the post also begs the question about how the phony dough is so good to bypass casino security checks for counterfeits, how the "eye in the casino sky" doesn't notice hockey bags full of cash and the casinos don't start asking questions ?

[SaxxonWoods]

“wondering who does real estate transactions in cash?”

The only way to buy real estate using actual cash is to not have Title insurance, just two individuals recording a deed that changes the name on the title of a property.

If a title insurance company is involved payments must be in “good funds” which means a cashier’s check from a bank, or money wired from a bank directly to the title company.

An example of a non-arm’s length transaction is changing the owner name from John Smith to an LLC or a corporation, which requires no payment of any kind. Or, Dad sells to son with no title insurance, they just record a deed showing passage of title.

Title companies do not ever accept cash, period.