A new federal requirement is coming to residential real estate, and because many Metro Atlanta buyers purchase through LLCs, trusts, or non-traditional funding—especially across Cobb, Douglas, Fulton, and Paulding—the Quillie Real Estate TEAM wants you fully prepared.

Beginning March 1, 2026, FinCEN’s Residential Real Estate Reporting requirement may apply to certain non-financed residential purchases where the buyer is a legal entity or trust. In covered transactions, the closing/settlement side will collect and file information about the parties behind the purchase.

What This Means for You as a Buyer

If you’re purchasing a home using:

• An LLC
• A trust
• A corporation or other entity
• Cash or non-bank/private funding (not traditional bank financing)

You may be asked for:

• Legal names of beneficial owners / controlling parties
• Addresses
• Identification details (as required by the closing/settlement process)

What Sellers Should Know

Sellers typically do not need to provide additional reporting information for this rule. However, closing timelines can be impacted if a buyer using an entity/trust is not ready with required documentation.

How We Protect Your Timeline

• Identifying early whether your purchase may fall under the reporting requirement
• Coordinating with your closing attorney/title/settlement team
• Helping you gather what’s needed up front to prevent delays