Residential FinancingJason C. Bergman, New York Law Journal
Cash and the Residential Property Purchase: a New Paradigm
Jason Bergman of Kensington Vanguard National Land Services discusses the new disclosure requirements for certain high-end residential real estate purchases in New York City made with cash. Title companies will be bound to gather this information, and purchasers’ counsel will need to be very careful in the advice given about using cash in light of this change in the arena.
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