Patrick & Stathos, LLC

04/07/2026

On March 19, 2026, the U.S. District Court for the Eastern District of Texas issued a decision in Flowers Title Companies, LLC v. Bessent vacating the FinCEN Anti-Money Laundering Regulations for Residential Real Estate Transfers Rule ("Rule"). Effective immediately, the Rule is vacated and no longer in effect. FinCEN’s website has been updated with an alert stating, “[i]n light of a federal court decision, reporting persons are not currently required to file real estate reports with FinCEN and are not subject to liability if they fail to do so while the order remains in force.”

We will continue to monitor this matter and encourage you to do the same. If you have any questions, then please reach out to our attorneys.

03/08/2026

Starting March 1, 2026, the Financial Crimes Enforcement Network (FinCEN), part of the U.S. Department of the Treasury, began requiring certain professionals involved in residential real estate closings—including attorneys—to report certain transactions. In general, this rule applies to home purchases made without a traditional bank loan, such as all-cash deals and where the buyer is a company or legal entity, like an LLC, corporation, or trust, although some transactions may be exempt. If you have questions about whether a transaction is affected by this rule or about FinCEN reporting requirements, please contact our attorneys for more information.

11/25/2021

We are grateful and thankful for our many blessings! We wish all of you a Happy Thanksgiving Day!

Our litigation services include those related to personal injury claims; construction defect; business disputes; landlord/tenant matters…

11/26/2020

Happy Thanksgiving!

09/11/2020

Today we remember and honor those we lost 19 years ago.

06/02/2020

If you are a business owner or an individual with questions regarding a real estate contract, purchase and sale agreement, property rental agreement, vacation rental agreement, evictions or mortgage foreclosures then consider contacting our attorneys. These areas of the law have been affected due to recent S.C. Supreme Court orders and the CARES Act. We can provide you with guidance, so you are armed with the best information to make an informed decision to protect your position. http://www.patrickandstathos.com

04/23/2020

Real estate closings are a collaborative event. A closing cannot take place without a good team of realtors, lenders, clients, and legal staff all working in unison towards the same goal. Nearly five weeks ago South Carolina government offices were closed with counties eventually providing limited access to public records due to the pandemic, a recipe to cripple transactions. Contrary to that assumption, our firm – with the help of real estate agents, loan officers, clients, and our staff – continued to close real estate purchases, sales and refinances in Horry, Georgetown, and Charleston counties. The credit goes to this team effort and the collegiality at a time of crisis and we thank you.

If you are a visitor to our page we invite you to our website http://www.patrickandstathos.com to consider our firm's services.

04/05/2020

has affected us all in ways that not long ago were unthinkable. Each day presents a new obstacle to navigate and our law firm's experience is no different. While we are open for business our number one priority is the health, safety and well-being of our clients, staff and loved ones. As a result, we have taken steps to protect our staff and to ensure our ability to continue to serve our clients and community. Our new normal will continue to evolve, and we will continue to meet that challenge because we are all in this together. Thank you for visiting our page and stay safe.