I was just sitting at my desk yesterday, when I received a notice from the National REIA (Real Estate Investor's Association) with some scary news..... and since it could affect you, I wanted to reprint it (with their permisssion) here let you know as soon as possible:
However, that law was passed subject to the Department of Housing and Urban Development's (HUD) approval of the law as "compliant" with the intention of the federal law. If any state does not have a compliant law, the SAFE act allows HUD to implement licensing for the state. HUD has since issued proposed rules.
· an estimated 4.5% of Americans own three or more properties, many purchased solely as investment properties
· approximately 5% of homes in US are for sale or for lease... seller financing may be key to liquidating this inventory.
eXp Realty - Atlanta, GA
"Knowledge & Experience Working for You"
WOW! Thanks Bobby- I didn't hear about this.
Have a Great Weekend & Continue to Fight the Good Fight!
Feb 12, 2010 02:04 AM
Eichler Properties - Granbury, TX
What part of the real estate business do these people not understand? Or should I say what are they smoking?
Feb 13, 2010 12:13 PM
HomeSmart - Chandler, AZ
Your Chandler, Ahwatukee, and East Valley Realtor
Bobby - The next thing will be that nobody can buy a home unless they pay for it by cash. It is just getting ridiculous.
Mar 03, 2010 02:20 PM
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