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Resource ID: #27335
Subject: Real Estate
Source: New York Times
Affiliation: 
Date: 2024-12-12

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Description

Secret buyers, many of them foreign and superrich, are using shell companies to cloak their purchases of expensive U.S. real estate, allowing them to flout building codes and local laws, defraud people of their homes and shield huge cash purchases, raising questions of whether they are seeking to hide suspiciously obtained money.

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