3 ms·

Exchanges of over some amount of money should be supervised by a third party just to check it's not a scam - how hard could it be? I can't believe there are no

• danielmarkbruce 3y ago
  Often two people want to do a transaction without anyone else knowing about it. The US is, to a large extent, built on the idea the idea of individual freedom etc etc.
  • granshaw 3y ago
    Home sale transactions end up being public record anyway tho
    • danielmarkbruce 3y ago
      Yup, and practically speaking the IRS ends up knowing about virtually every meaningful transaction too. But, the people get to do the thing without anyone knowing they are going to do it, or stopping them doing it, or in most cases many of the details.
• 55555 3y ago
  Okay now define scam.
  • dabluecaboose 3y ago
    Yup. I can easily imagine some third-party scam police cracking down on things like "I sold my son the family home for $1" or other similar unusual (but not scam) transactions
    • mschuster91 3y ago
      An independent party (like in Germany, a notary) can at least flag suspicious activity and demand explanation or verify if the parties are authorized to act and of sound mind.
• dclowd9901 3y ago
  Parties can agree to have an intermediary that brokers the transaction, but most opt not to add the overhead.
• vasco 3y ago
  It's not hard to spend some time finding a lawyer you can use for random small things earlier in life before you actually need it and have them help you out with all of this stuff. You can treat it as an assistant that knows what they are doing. Certainly way cheaper than selling your house for 33% of the real price, or even paying huge "real estate agent" fees.
• mschuster91 3y ago
  In Germany, all real estate sales have to be signed at the office of a government-appointed notary, precisely to prevent this kind of scam.