6 new counties must report all-cash deals to FinCEN

In January of this year, the federal government announced that title insurance companies in two metropolitan statistical areas (MSAs) -- Miami and New York -- would have to identify the individuals behind any limited liability corporations (LLCs) that were buying properties with cash. Some experts predicted that this was a temporary move and that the period of investigation (which began March 1 and is supposed to wrap up August 27) would end when it was supposed to without further action taken by the federal government ...