UNITED STATES TREASURY BEGINS CRACK DOWN ON MONEY LAUNDERING THROUGH HIGH END RESIDENTIAL REAL ESTATE In an effort to combat money laundering in the real estate sector, The Financial Crimes Enforcement Network (FinCen), a bureau of The United States Treasury Department, has issued Geographic Targeting Orders (GTO) that will temporarily require title insurance companies to identify the names and social security numbers of the natural persons behind LLC's and other opaque structures that are used as shell companies to purchase high end residential real estate.Reporting will be required on "All Cash" purchases of residential properties that exceed $3,000,000 in Manhattan and $1,000,000 in Miami-Dade County.

We are now approaching the record low mortgage rates of late 2012, as the 10yr treasury dropped below 1.55% today intraday..If you haven't refinanced everything lately, it may be time!!!

We are now approaching the record low mortgage rates of late 2012, as the 10yr treasury dropped below 1.55% today intraday..If you haven't refinanced everything lately, it may be time!!!

If you didn't refinance everything during the low low's of 2012, or couldn't because values were too low, the 10 year treasury dropped below 1.55% today, and mortgage rates are approaching the historical record lows of 2012!!!

Yes @Daniel Ahern, structuring is something you see a lot when people are trying to launder illegally gotten money or people that win big at the casino and don't want to have to pay taxes on their winnings.

Sovereign debt in Europe is negative, where is money going to find yield if US treasuries go negative?  

I've been looking at Allentown - in and around the NIZ, and Bethlehem, near the University, and Sands Casino.

It's complicated...Some useful links with info on current tax rates and equalization ratios in NJ state:http://www.state.nj.us/treasury/taxation/lpt/taxra...http://www.state.nj.us/treasury/taxation/lpt/lptva...

i don't want to blame the casino in Bethlehem for some of the current issues in reading or Allentown but I just might praise it as providing these fourclousures.

I took up the treasury position out of frustration with a lot of things and I'm preparing myself to deliver some really tough love to other units.