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USA HR 1728 Begins Taking of Private Property

 
 
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jfslenes
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Joined: 11 Feb 2004
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PostPosted: Thu Aug 20, 2009 4:00 am    Post subject: USA HR 1728 Begins Taking of Private Property Reply with quote

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.
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