vaporwow_IHB
New member
I wonder how common is this in Irvine?
<a href="http://www.marketwatch.com/story/why-money-launderers-might-want-your-home-2009-11-27">http://www.marketwatch.com/story/why-money-launderers-might-want-your-home-2009-11-27</a>
<blockquote>
WASHINGTON (MarketWatch) -- Question: I am a broker in Irvine, Calif. I recently sold a home which drew five offers in five days. In reviewing the buyers' financials for all five offers, I noticed that most of their accounts showed a number of large deposits over the previous 30 days from overseas -- Taiwan, Hong Kong and China. Evidently, however, the buyers didn't have to show their mortgage lenders any additional documentation as to whether these deposits were family gifts, loans or what.
</blockquote>
<a href="http://www.marketwatch.com/story/why-money-launderers-might-want-your-home-2009-11-27">http://www.marketwatch.com/story/why-money-launderers-might-want-your-home-2009-11-27</a>
<blockquote>
WASHINGTON (MarketWatch) -- Question: I am a broker in Irvine, Calif. I recently sold a home which drew five offers in five days. In reviewing the buyers' financials for all five offers, I noticed that most of their accounts showed a number of large deposits over the previous 30 days from overseas -- Taiwan, Hong Kong and China. Evidently, however, the buyers didn't have to show their mortgage lenders any additional documentation as to whether these deposits were family gifts, loans or what.
</blockquote>
