Legal Question in Real Estate Law in California

Re: Real estate

Taken against you by whom, the seller?

There's more to this story. People buy condos for cash all the time, and it is none of the seller's business where the money came from.

The question about the source of the money often arises in the context of a down payment, because there is a lender involved who wants (and needs) to know whether the money represents additional borrowing. When you pay all cash, who'd ask?

If, on the other hand, you need to keep the fact that you have wads of cash from underground sources secret from the tax collectors, or the police, paying cash for a condo show you need to go back and re-take Money Laundering 101.

Please give LawGuru the opportunity to give you good advice by explaining why paying cash for a condo could possibly result in legal action in your particular situation. We do not, however, give advice on evading or breaking the law.