I can’t follow your reasoning. If companies cannot own houses, how do you propose this shell-ownership would work? Wouldn’t the owner just be free to sell the house at any time and pocket the cash for themselves?
As for tax evasion by foreigners that own real estate, I mean how is that even a problem? There’s millions of foreigners that do business in the US everyday, plus, these ones have actual immovable assets that can be seized…
I can’t follow your reasoning. If companies cannot own houses, how do you propose this shell-ownership would work? Wouldn’t the owner just be free to sell the house at any time and pocket the cash for themselves?
As for tax evasion by foreigners that own real estate, I mean how is that even a problem? There’s millions of foreigners that do business in the US everyday, plus, these ones have actual immovable assets that can be seized…
Financing.
The shell-owners would get paid to be a shell, and the properties would get financed under their names, thus circumventing the law.
Because what I described above could be considered tax evasion, that is why it becomes another new problem when dealing with foreign investors.
The US Government sells seized real estate dirt cheap, but that negatively impacts the shell owners who could fight it in court.