As many of you know, the US House of Representatives recently introduced a bill (HR 1728) that would restrict seller financing (or force you to get a license and follow all the rules and regulations that go along with that).  A quick update – the bill was sent to the Senate Banking committee, and has apparently stalled there.  Chris Dodd, Chairman of the committee, has said that the bill isn’t a top priority, implying that there is more important stuff to be done.  Hopefully this means the bill will die in this session.  There is always a chance, however, that it could come up again.

 On the bright side, the National Association of Realtors has joined us in the fight against it.  I guess they realized that seller financing is a powerful tool, especially in a slow market with such an uncertain lending environment.

 It’s extremely important that we investors stay on top of all the legislative changes coming down the pike, so I thought I’d send you a quick update.