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    Twink24's Avatar
    Twink24 Posts: 45, Reputation: -2
    Junior Member
    		  
    #1

    Aug 5, 2009, 12:06 AM
    Can you pay for a house in cash
    When buying a house can you pay for it in straight up cash moneyy!
    ac101's Avatar
    ac101 Posts: 463, Reputation: 57
    Full Member
    		  
    #2

    Aug 5, 2009, 12:11 AM

    I suppose you could ? You could have the cash turned into a cashiers check( probably better).
    Curlyben's Avatar
    Curlyben Posts: 18,514, Reputation: 1860
    BossMan
    		  
    #3

    Aug 5, 2009, 12:48 AM
    Actual hard folding CASH, NO as this would trip massive alarm bells concerning money laundering.
    As AC101 mentioned a cashiers check would be the preferred method.
    JudyKayTee's Avatar
    JudyKayTee Posts: 46,503, Reputation: 4600
    Uber Member
    		  
    #4

    Aug 6, 2009, 07:11 AM

    I have seen this happen - certainly not with high end properties - but IRS DOES require that the form disclosing where the cash came from is required.

    (Actually had a client some years ago show up with cash. Couldn't believe it but, again, it was a low end property. Do I think it's smart to wander around with a suitcase full of cash - no. The law firm representing the seller almost choked!)
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