BiggerPockets

I spoke with a staffer in my senator's office about section 101(e)(3) of HR 1728, someone who "works on finance and banking issues with Senator Burr." I personalized the matter for him. One does not need to be an investor to have this restrictive regulation intrude into their life. I painted a hypothetical scenario where he couldn't sell his house. It took a little creativity to fabricate the scenario, but it was a very plausible one. There was a very pregnant pause when he realized just how limited his rights concerning his private property would be should this legislation pass as written. He got it. His official line was, "We'll look into it," but I got to him. CALL YOUR SENATORS' offices! Call Washington and the closest satellite office in your state. 2 senators, 4 calls total will take at most half an hour of your time. 2 calls will take half that. So worth it to point out to these pinheads what they're doing wrong and have a shot at changing it. I'd be happy to share the plausible scenario that stopped this staffer in his tracks. I only live in one state. There are 49 others whose senators could use some feedback on this unbelievably restrictive language. If you're at all interested post a message on this thread and I'll respond.

Actually, this action has nothing to do with socialism. France and the UK are socialists countries, and I suspect that even their leaders will roll their eyes on this decision--if it also passes the Senate (which I hope that it doesn't) and gets signed into law. This would have been the perfect time for the Blue-dog Dems or the Republicans in the House to take a stand. I'm somewhat disappointed in them both.

I should have went into politics. The only job where you are guaranteed to make money no matter what happens in the world.

No matter what side of the political fence you are on, congress is now looking at your rights as a property owner. I have a strong pride in freedoms as an American, and when the government tries to restrict my freedom to buy, use or sell my property as I desire... I get a bit wound up... If you do any sort of owner financing, lease options, seller carry back seconds etc.... you will want to read this bill http://www.govtrack.us/congress/billtext.xpd?bill=h111-1728 This was passed the house and is on the way to the senate, pay attention to Section 101- 3 - E. You can find and contact your senators here. http://Senate.gov/general/contact_information/senators_cfm.cffm Be polite, but make your point. A government, by the people and for the people. Not socialism. Because this is a federal proposal, pass this on to anyone you know in our industry, investors, mortgage folks, Realtors, appraisers. This will negatively affect everyone's income... Tony Severino