Last night the Senate officially passed their financial reform bill, S 3217 Restoring American Financial Stability Act by a vote of 59/39. According to reports they changed it into an amendment to the House’s bill HR 4173. There are now effectively two different versions of the same bill. One passed by the Senate and another passed by Congress. In order for this bill to become law the House and Senate have to convene a committee to assimilate the two versions into one. It will then still require the signature of the President.
I urge every American property owner, real estate investor and tax-payer to contact your Congressmen and Senators to seek amendment of the seller-financing portion of this 1000+ page legislation. Main Street is not Wall Street and individuals aren’t the cause of the financial collapse and shouldn’t be held hostage because of corporate malfeasance.
Protect property rights and the right to negotiate and sell your own property without government interference. Please help spread the word by sharing this post. For more information see our earlier post https://creativerealestateinvestingguide.com/2010/04/26/protect-your-property-rights-now