Hi,
I am wondering about a new bill being passed through the senate that I heard could severly limit our ability to do Deals using things like seller financing wrap-arounds, etc.
I heard about it from Peter Conti’s email list. The bill is called HR 1728.
How real is this?
It was passed by the US House and forwarded to the US Senate. It is sitting in Senate committee now. I doubt that it will get out of committee and make it to the Senate floor for a vote any time soon.
That being said, I would still recommend sending a letter to your senators voicing your opposition to the bill. There’s another post on the site regarding this legislation and the post contains a form letter you can cut and paste and send to your senator. The way our govt is currently operating I don’t like to leave anything to chance with these yahoos. make sure your voice is heard!
The More I read of this bill - the less I like.