4 ms·

If the funds come from another account in your name and are not cash very unlikely for there to be further reporting, there already is a good paper trail. Escr

• VirusNewbie 5y ago
  But what i'm saying is all these escrow companies used to buy multi-million dollar houses are out of business. they don't exist anymore. Did they transfer their records to some government agency?
  • spicybright 5y ago
    Adding on, would anyone expect ex-employees from these dead companies to hold onto the paper work endlessly and produce it when asked?
    • citizenpaul 5y ago
      The current owners just do some extra paperwork that asserts the original papertrail that was lost, basically that's it. The downside is that it usually results in a significantly lower sale price if you try to sell down the road because there is a risk of contested ownership that will result in legal fees or losing the property (very rare). I did work for what I later learned were shady real estate/escrow companies some years back, maybe it changed since then.
  • slownews45 5y ago
    Interesting and good point! The bank records usually include a file number reference, but obviously less detailed.