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From: rlw@wxlvax.UUCP
Newsgroups: net.flame
Subject: Cash =? Criminality
Message-ID: <1255@ittvax.UUCP>
Date: Wed, 25-Jan-84 13:50:24 EST
Article-I.D.: ittvax.1255
Posted: Wed Jan 25 13:50:24 1984
Date-Received: Sun, 29-Jan-84 00:59:05 EST
Lines: 12

One of my coworkers described to me today the circumstances under which
the settlement (closing) on the house she is selling was delayed.

Apparently  the  buyer paid the down payment -- a substantial amount --
in cash.  The "lending instutition" (i.e. the bank giving the mortgage)
thought this sufficiently suspicious that they delayed the closing  for
several weeks in order to do an additional investigation of the buyer.

According to my coworker,  banks are suspicious of any especially large
cash transactions.

--Dick Wexelblat (...decvax!ittvax!wxlvax!rlw)