Each of us who earns an income (and even those of us who don't) in the real estate market should pay attention to forth coming legislation that helps and encourages the buying and selling of real estate related securities. 

Currently there is legislation raising the amount of an SBA guarantee to 80% on all current, future or existing first lien mortgage loans until September of 2010.

This will free up capacity and capital for banks who have risked lending to business owners recently as well as encourage other banks to participate. 

All of us in the Active Rain community benefit from this SBA change.  You, your family and friends livelihood all depend directly or indirectly on someone obtaining funding as a business owner.  And most business owners own homes.

If you would please right now send an e-mail to the names listed below in support of the “SBA 504 First Mortgage Guaranty - Secondary Market”.  Encourage them to raise the SBA guaranty to help stimulate all of our local markets.

Senate:

Kevin Wheeler:  kevin_wheeler@small-bus.senate.gov  Ph. (202) 224-5175 or (202) 224-8496

Nick Coutsos:  nick_coutsos@small-bus.senate.gov   Ph. (202) 224-5175 or (202) 224-4175

Matt Walker: Matt_walker@small-bus.senate.gov  Ph. (202) 224-7884

 

 

House:<

Adam Minehardt:  adam.minehardt@mail.house.gov  Ph. (202) 321-9300

Barry Pineles: Barry.pineles@mail.house.gov  Ph. (202) 225-5821

 

 

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Multifamily Investments Expert AAM Capital 5000 Alpha Lane Chattanooga TN 37421 Office 423-870-2285 Toll Free 800-452-9287

Rick Fitzgerald Your Multi-Family Investment Expert