Joined: 11 Feb 2004
|Posted: Thu Aug 20, 2009 4:00 am Post subject: USA HR 1728 Begins Taking of Private Property
|Recently found an article in our local RE Exchangor Newsletter. The topic is stunning as our fellow Americans need to be aleredt to a property rights issue that has received little media attention. I'm speaking of HR 1728 recently passed by the house. If you have ever sold a property with seller financing or considered buying a property that might get seller financing, it is in your best interests to read the single page article go to: http://www.newmexicocouncilofexchangors.com/90508.pdf. Go to page 8 of that Exchangor Newsletter for the page on HR 1728.
As usual, when the government attempts to fix a problem, the law of unintended consequences rears it's often ugly head. With today's challenging RE business, HR 1728 would be a serious impediment to many RE sellers, brokers, investors, etc.
Visit Indian Hills Inn, Taos!
Indian Hills Inn, Taos Plaza