Why Save Owner Financing From HR 1728?
June 12, 2009 by Tracy Z · 4 Comments
Owner financing has provided a safe harbor for buyers and sellers battered by the tsunami waves of the mortgage and real estate crisis.
Rather than embracing the safety net offered by private parties the government wants to severely restrict the owner financed installment sale.
In May NoteInvestor.com reported the potential disaster that would ensue if the current version of HR 1728 The Mortgage Reform and Predatory Lending Act was enacted (Read: How Congress Wants to Change Seller Financing).
The response and concern has been encouraging with many readers requesting sample letters to use in communication with their State Senator.
We are pleased to share this sample letter Read more
