Cash sale is a little less troublesome since underwriting is not involved but similar paperwork has to be satisfied. A cash purchase of rental property eighteen months ago caused some raised eyebrows and requests for clarification.
I guess I’m surprised you somehow have to justify how it is that you have money for a transaction such as a home purchase.
I understand we want to fight money laundering and drug dealing and other money crimes. But do we have to be intrusive into everyone’s personal finances to do so?