How dirty is Miami real estate? Secret home deals dried up when feds started watching

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Secret home deals dried up when feds started watching When a company called the Flower of Scotland paid $1.13 million – in cash – for a three-bedroom condo in Sunny Isles Beach last year, it had to do something.

Secret home deals dried up when feds started watching. miamiherald 339d 8 tweets. A new study may measure just how dirty Miami real estate really is. Economists looked at a recent federal crackdown on cash home sales and found evidence of buyers trying to avoid detection.. Clark Gascoigne How.

The federal government says its hunt for dirty money in luxury real estate in South Florida and other high-priced housing markets is working – and the temporary initiative is being extended yet.

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Many remain empty, but just as many are being taken over by barbers, hairdressers, beauty salons, estate agents, coffee shops. independent stores have shut up shop in the first half of 2016 alone..

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It’s a real-life case worthy of a movie script, with Koslow caught at the center as an unwitting pawn. It all started with that coffee house. At one point, they showed up at Koslow’s home with.

USA: How dirty is Miami real estate? secret home deals dried up when feds started watching Miami Herald (18 July) Help put an end to corruption.. Never miss a story from Voices for Transparency, when you sign up for Medium.

Investment Property in Pismo Beach, CA. Crackdown on dirty money shook Miami real estate. Now, Rubio wants to take it national – McClatchy DC Bureau . How dirty is Miami real estate? Secret home deals dried up when feds started watching – Miami Herald . Dayspring’s Grover Beach pot shop set to open – Cal Coast News.

Secret home deals dried up when feds started watching Interesting article on cash buyers using entities, now that reporting requirements for the underlying owners is required. A new study may measure just how dirty Miami real estate really is.