Changes in legislation and even rule implementation within a department has been a major mover of markets. 

@Kyle Soderman I don't know how MN will legislate the Series LLC. 

Also with the Dodd Frank legislation that came in this year I understand that rent credits are no longer allowed.

Did you hear of any legislation going to your state for a change in the law?

Dodd-Frank, the SAFE Act and other legislation in the last 10-years as dramatically changed the landscape around those transactions.

To add on, you actually wouldn't want to enact legislation that would prevent them from slashing prices.

wakefield,I'm still waiting for my attorney to give me a final opinion on the full impact of the legislation, but the section that troubles me (and most lenders I've spoken to) is the section that requires the buyer to "comply with all terms and conditions of the seller's mortgage."

.-2012 due to new legislation the foreclosure supply was cut off therefore decreasing supply...combined with the hedge funds driving demand through the roof and over paying for properties....prices begin to surge...we saw 30% appreciation in most areas of the valley-2013 Q1 and Q2 demand remained strong and inventory was VERY low.

I agree with you that it's not appealing to legislators, but realistically, it's a matter of time until we see drastic changes.

McHenry, the guy who brought the original bill to the house floor, further complicated some things by requesting a repeal of the Title III rules in place of a new legislation to make it more feasible to comply with.