Fernando Branco, Lic. Assoc. R. E. Broker
c: 212-321-0115 - e: firstname.lastname@example.org
R NEW YORK - 641 Lexington Ave, NY, NY 10022
Looking for the best deal in Manhattan, New York? As an active member of the Real Estate Board of New York, I can help you.
I also help Brazilians relocate to Manhattan, New York!
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I will post interesting news, helpful information, comments, videos, and more about the current Real Estate markets of Manhattan, and Brooklyn, NY.
The most beautiful NYC homes of 2018
When it came to beautiful listings this year, New York City did not disappoint. From celebrity homes to historic townhouses to opulent penthouses, these are the 10 homes that made us say "wow!" in 2018.
Legal Line Question: FinCEN, GTO and "All Cash" Transactions
December 4, 2018 Q: Can you please explain what FinCEN and GTO stand for and how they affect transactions where the purchaser is not using a lender, but rather is paying “all cash” to purchase the property? A: The Financial Crimes Enforcement Network (“FinCEN”) is a bureau of the U.S. Department of the Treasury. It’s mission is, in part, to safeguard the U.S. financial systems from illicit use and to combat money laundering.
FinCEN has the authority to issue orders that impose recordkeeping and reporting requirements on institutions in particular geographic areas. These orders are referred to as Geographic Targeting Orders (“GTO”).
The most recent GTO (the “Revised GTO”) announced by FinCEN is a renewed and revised version of a GTO that requires title insurance companies to identify the persons behind entities that purchase residential real estate in certain geographic areas without a bank loan. For example, a …
Manhattan Buyers, RejoiceLast quarter, prices in Manhattan dropped substantially,
while inventory levels soared. Translation:
The market looks favorable to buyers.
Click below for the full report. Manhattan Home Prices Drop
Manhattan Home Prices See Largest Drop Since the Financial Crisis By Emily McDonaldOct. 25, 2018