#real-estate-transactions

#real-estate-transactions

A Walnut Creek apartment complex with hundreds of units has been bought by an East Coast real estate firm in a deal that points to sturdy prices for multifamily residential properties in the Contra Costa County city. The 285-unit Hanover Walnut Creek apartment property, located at 3050 Del Hombre, has been purchased for $163 million by a TA Realty affiliate, documents filed on Oct. 7 with the Contra Costa County Recorder's Office show.

The suit challenges FinCEN's anti-money laundering rule, which requires title firms to report specific details on all-cash home purchase transactions. These include the names, addresses, dates of birth, citizenship status and ID numbers of all people involved including minors plus payment details and information about trusts and entities that are purchasing the property. The rule was promulgated under the Biden administration and is set to go into effect in December 2025.

Fidelity National Financial has a long history of working with the GSEs and FHFA in protecting homeownership and property rights. We look forward to collaborating with the GSEs and FHFA on innovative title insurance solutions.

Once both parties have signed a legally binding purchase agreement, the seller is obligated to uphold its terms.