Re: What's your highest Credit Card limit?
04-05-2012 02:00 PM
buying a house with currency is no problem and will usually net you a discount. I bought a house a year and a half ago, just brought a cashier check to closing no issues, they liked my offer because it wasn't contigent on financing and no last minute broken deals because financing fail though.
Car dealers love loans because they get kick backs nothing as noble as afraid of money laundering just just like the extra money they make off the deal.
I've bought houses with cashier's checks as well but they are not currency. A transaction in currency that is over $10,000 requires them to file an IRS transaction report. Many escrow offices will not take currency (they are not legally required to). Checks do not require IRS reporting.
I have reestablished credit over the last couple years
so my moniker is, well, rather out of date.
WM Discover $1800, WF Plat 12k, Chase Freedom Siggy18k, Amex Plat (60k H/B), Citi AA EWMC 25k