{"id":84406,"date":"2016-01-22T16:54:46","date_gmt":"2016-01-22T20:54:46","guid":{"rendered":"https:\/\/www.ewmrealestate.com\/blog\/?p=84406"},"modified":"2016-01-22T16:54:46","modified_gmt":"2016-01-22T20:54:46","slug":"getting-rid-of-miamis-vice","status":"publish","type":"post","link":"https:\/\/ewmrealestate.com\/blog\/getting-rid-of-miamis-vice\/","title":{"rendered":"Getting Rid of Miami\u2019s Vice"},"content":{"rendered":"

\"\"<\/a><\/p>\n

The Financial Crimes Enforcement Network (\u201cFinCEN\u201d) recently revealed that it has issued a temporary Geographic Targeting Order in Miami-Dade and New York Counties. The so-called \u201cGTO\u201d will require some title companies to report all-cash purchases in excess of $1,000,000 in Miami and $3,000,000 in New York that are made by LLC\u2019s. By reviewing these specific transactions, FinCEN is hoping to target those who invest in real estate as a way to launder money or otherwise hide criminally-derived wealth.<\/p>\n

Although a Geographic Targeting Order in Miami sounds frightening, it really is not. I regularly have buyers purchase homes in an LLC, all cash for over $1,000,000 and they have nothing to worry about because they are not criminals. FinCEN might review their closings or it might not and it really has no bearing on these legitimate buyers. On the flip side, I do hope that the GTO catches people who are using my city\u2019s real estate to hide money or for other nefarious reasons. Miami has historically been known for its \u201cVice,\u201d so let\u2019s hope that the government can help us shake that reputation. <\/p>\n

If you need help buying or selling a home give Ashley Cusack a call at 305.798.8665, or visit her website at: Luxury Miami Real Estate<\/a>.<\/p>\n

\"Luxury<\/p>\n

My focused dedication as a realtor in my home town of Miami for over 25 years, consistently puts me at the top of my field. Whether you\u2019re looking to buy or sell your home, let me help you from start to finish with my results-proven: professional marketing, excellent property exposure and comprehensive experience.<\/em><\/p>\n

As the #7 Realtor company-wide at EWM in 2014, my focus is on Coral Gables<\/a>, Coconut Grove<\/a>, Pinecrest<\/a> and South Miami<\/a> \u2014 specializing in luxury real estate and waterfront properties. Call me today and let\u2019s get started!<\/em><\/p>\n

Don’t hesitate to reach out to me, Ashley Cusack at {305.798.8685, email<\/a> and website<\/a>}. EWM Realtors.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Financial Crimes Enforcement Network (\u201cFinCEN\u201d) recently revealed that it has issued a temporary Geographic Targeting Order in Miami-Dade and New York Counties. The so-called \u201cGTO\u201d will require some title companies to report all-cash purchases in excess of $1,000,000 in Miami and $3,000,000 in New York that are made by LLC\u2019s. By reviewing these specific<\/p>\n

Read More<\/a><\/p>\n","protected":false},"author":5385,"featured_media":130092,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_expiration-date-status":"","_expiration-date":0,"_expiration-date-type":"","_expiration-date-categories":[],"_expiration-date-options":[]},"categories":[12269],"tags":[],"yoast_head":"\nGetting Rid of Miami\u2019s Vice - BHHS EWM Realty<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ewmrealestate.com\/blog\/getting-rid-of-miamis-vice\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Getting Rid of Miami\u2019s Vice - BHHS EWM Realty\" \/>\n<meta property=\"og:description\" content=\"The Financial Crimes Enforcement Network (\u201cFinCEN\u201d) recently revealed that it has issued a temporary Geographic Targeting Order in Miami-Dade and New York Counties. The so-called \u201cGTO\u201d will require some title companies to report all-cash purchases in excess of $1,000,000 in Miami and $3,000,000 in New York that are made by LLC\u2019s. 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