realtors: Florida Anti-Investor Legislation Is now active starting October 1st, 2008
- 06/26/08 01:28 AM
As was expected, on May 28th Governor Crist signed into law what has generally become known as the second part of a series of “Anti-investor” legislation. This is Statute 501.1377 and it replaces the previous Stature 501.2078 which has been in effect since last year. The legislation takes straight aim at what are called “Equity Purchasers and Foreclosure-rescue Consultants”. As the name implies, if the homeowner is in foreclos.ure the law must be complied with or fines of up to $15,000 per occurrence will result. I have seen an informative website that gives more information about the various aspects of the … (1 comments)
As was expected, on May 28th Governor Crist signed into law what has generally become known as the second part of a series of “Anti-investor” legislation. This is Statute 501.1377 and it replaces the previous Stature 501.2078 which has been in effect since last year. The legislation takes straight aim at what are called “Equity Purchasers and Foreclosure-rescue Consultants”. As the name implies, if the homeowner is in foreclos.ure the law must be complied with or fines of up to $15,000 per occurrence will result. I have seen an informative website that gives more information about the various aspects of the … (1 comments)
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