I wonder how common is this in Irvine?
http://www.marketwatch.com/story/why-money-launderers-might-want-your-home-2009-11-27
WASHINGTON (MarketWatch)—Question: I am a broker in Irvine, Calif. I recently sold a home which drew five offers in five days. In reviewing the buyers’ financials for all five offers, I noticed that most of their accounts showed a number of large deposits over the previous 30 days from overseas—Taiwan, Hong Kong and China. Evidently, however, the buyers didn’t have to show their mortgage lenders any additional documentation as to whether these deposits were family gifts, loans or what.
