New FinCEN Reporting Requirements for Residential Real Estate Transactions Take Effect March 1, 2026

Beginning March 1, 2026, certain non-financed transfers of residential real estate to legal entities and trusts will trigger new federal reporting requirements. Federal authorities have long been concerned that bad actors use LLCs, trusts and other entities to disguise their identities when purchasing residential real estate.... By: Warner Norcross + Judd