Your Property Rights are being Threatened!!!! WOW

Yes,

isn't this crazy! I wrote to our legislation prior to the last vote. We the investors and private property owners are getting hurt here. Loosing our right as people of the United States. I don't understand we things such as this get pushed through.

What do you think we should do now??

They truly ARE trying to control everything. Investors are criminals... Short sales to investors are fraudulent over 20%, and this. This is very scary, and it is very out of control. I hope the general population realizes the costs and consequences of doing this. Scary indeed. Is there ANY hope?

Sorry this below statement was not me this was one of my RIEA member that sent this to me in a email. We should all write our local legislation and get other investors to do the same as well as people(homeowners)that recieved help by these options. I hope it doesn't Pass:-(

"I was recently part of a group who went to Washington DC and met with our House Representatives and Senators to discuss these bills; HR 4173, the Wall Street Reform and Consumer Protection Act and the Senate companion bill, the Restoring American Financial Stability Act of 2010"

Alot of these things like the passing of a home from a family member and having to qualify I don't agree with as I don't completely with alot of the new possibly soon to be new laws.

But I understand why.

The economy, and with it, the housing market took a serious beating the last few years and everyone, including I believe Dean himself took a bath in one way or another. I myself between mid-2008 & end of 2009 had about 20 clients lose their deals for their first homes because the banks didn't want to write new loans or added provisions which made it harder or took their time making a decision which led to the loss.

The main point I believe is accountability; a large portion of the culprits who caused this were undocumented investors and most were able to just walk away with their money and start again elsewhere. Those that were documented like RE agents, mortgage brokers, etc left paper trails and were punished.

Nothing is perfect and i'm sure all of these laws may be amended in some form or fashion, but I can't say i'm surprised this isn't happening.

I think if there are better laws to protect innocent people, in thr long run it will be better for people to enjoy the fruits of their labor

I thought you were saying you were on Capitol Hill protesting like you were part of the Tea Party lol

How are things coming along??

I would say to just control the property, until you find a qualified buyer would be the way to go, if this goes into law. There are always ways to accomplish what you are to do, no matter who tries to stand in your way.

Vincent

elixbrown

Lol i copied it unto here to get feed back and copied too much..lol but no, i wasn't apart of that group.

@Vincent that's so true.

If my Aunt Mable wanted to owner finance her house to me, I would just ask her to give it to me and I would give her a "love gift", spread out a short period of time.
Of course we would put that in writing.

Off to my labor of love, I have less than 3 months that I am able to depend on my JOB to pay my bills.

Have a Jesus filled day all,

Vincent