New Mortgage Laws

By
Real Estate Agent with The Alliance Group Realty

With President Bush's recent signing of House bill H.R. 3648 Mortgage Forgiveness Debt Relief Act of 2007, the market has been flooded with ads and articles about foreclosure relief, short sales and tax credits.  As always, read the fine print.  If it sounds too good to be true, maybe it is. Don't do anything drastic until you talk to a Realtor, who understands the new law and is willing to help.  The Realtor should not charge you a fee.  Talk to a real estate attorney (they may charge a fee for the initial consultation)

There are charletons out there.  Be careful!

Comments (9)

Dwayne West
Atlanta Real Estate - Canton, GA
Canton Georgia Real Estate

Welcome to the Active Rain community. You have chosen a great site with tons of information you can learn from.

Aug 05, 2008 05:01 AM
Greg Steffens
Mountain Country Realty - Lake Arrowhead, CA

Hi Nolan - Welcome to Active Rain and congrats on your first post.  Be sure to spend some time looking around at what and how others are blogging here.  It is a great education and lots of fun.  Looks like you're off to a great start...keep it up!

Aug 05, 2008 07:43 AM
Ron Brown NMLS #270845
NMLS ID: 40831 - Federal Way, WA

Nolan,

Welcome to Active Rain! Congrats on your first blog!  You'll find this a great place to learn, share ides, and most important, build your business!  If you ever have a question on a VA Loan, or an FHA Loan feel free to contact me.

Ron Brown

VA & FHA Loan Specialist

First Mortgage Company of Washington

Puyallup, WA

Aug 05, 2008 10:56 AM
Benjamin Clark
Homebuyer Representation, Inc. - Salt Lake City, UT
Buyer's Agent - Certified Negotiation Expert

Welcome to Active Rain! For some tips on how to get started here, check out my blog entry at ActiveRain Fast-Start Tips for Quick and Easy Points
Happy blogging and good luck!

Aug 05, 2008 01:01 PM
Keith Elliott Jr
KEIRE Realty Group - Manassas, VA
Principal Broker/Owner

Hello Nolan,

Welcome to Active Rain and congrats on your first post! The opportunities to learn and network are incredible here. Best of luck to ya!

-Keith

Aug 05, 2008 01:58 PM
Bill Kennedy
Keller Williams Greenville Upstate - Greenville, SC
Homes For Sale Greenville SC

As your neighbor in the Upstate of SC, I wanted to personally welcome you to active rain! This is a great community for sharing and learning.  Join some groups, check out some blogs, and enjoy! Write whatever comes to mind - sometimes the blogs that have nothing to do with real estate are the best!

Aug 05, 2008 02:39 PM
Peg Gilliland
Charlottesville Solutions - Charlottesville, VA
Broker, GRI, CDPE

I see that you are new to Active Rain and I just wanted to welcome you. I hope that you enjoy it as much as I do and that you find it a great resource.

Aug 07, 2008 03:32 AM
Starstate Realty
Starstate Realty - Austin, TX

Hi Nolan  -  Welcome to ActiveRain.  I look forward to networking with you and reading your future post.  Have a great day!!!

Dec 24, 2008 05:04 PM