Comments on: Housing Law – A New Breed Of Cat http://www.biggerpockets.com/renewsblog/2009/06/26/housing-law-breed-cat/ Learn, Network, Invest Mon, 23 Nov 2009 07:23:11 -0500 http://wordpress.org/?v=2.8.5 hourly 1 By: FutureRob http://www.biggerpockets.com/renewsblog/2009/06/26/housing-law-breed-cat/comment-page-1/#comment-66611 FutureRob Thu, 02 Jul 2009 06:20:23 +0000 http://www.biggerpockets.com/renewsblog/?p=5742#comment-66611 That is an apparent flaw. I would "hope" the good faith measure in the existing rules would be applicable in that instance. Hope doesn't get you many places, though. <abbr><em>FutureRob’s last blog post: <a href="http://futuremillionaire.us/wpblog/2009/07/01/of-short-sales-and-loan-mods/" rel="nofollow">Of short sales and loan mods…</a></em></abbr> That is an apparent flaw. I would “hope” the good faith measure in the existing rules would be applicable in that instance. Hope doesn’t get you many places, though.

FutureRob’s last blog post: Of short sales and loan mods…

]]> By: Richard Warren http://www.biggerpockets.com/renewsblog/2009/06/26/housing-law-breed-cat/comment-page-1/#comment-66501 Richard Warren Fri, 26 Jun 2009 17:18:22 +0000 http://www.biggerpockets.com/renewsblog/?p=5742#comment-66501 One major flaw is that while lenders are required to send a representative, there is no requirement that the representative have any power to act. This is more window dressing that will probably accomplish nothing except giving delinquent borrowers false hope. One major flaw is that while lenders are required to send a representative, there is no requirement that the representative have any power to act. This is more window dressing that will probably accomplish nothing except giving delinquent borrowers false hope.

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