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Cash Downpayment On Houses?
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07-02-2005, 04:46 PM
woj
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Join Date: Jul 2002
Location: Chicago
Posts: 47,882
Any cash transaction over certain amount ($5k I think) sets off red flags. Even if you buy a car the fact that you paid for the car with cash gets reported to the governement, at least that's how it's done in the US.
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