New England Patriots Forums - PatsFans.com Patriots Fan Messageboard
Page 1 of 2 1 2
Show 40 post(s) from this thread on one page

New England Patriots Forums - PatsFans.com Patriots Fan Messageboard (http://www.patsfans.com/new-england-patriots/messageboard/)
-   Political Discussion (http://www.patsfans.com/new-england-patriots/messageboard/12/political-discussion.html)
-   -   Obama and Democrats make it HARDER for you to SELL your house (http://www.patsfans.com/new-england-patriots/messageboard/12/245877-obama-democrats-make-harder-you-sell-your-house.html)

NEPatriot 06-15-2009 03:15 PM
Obama and Democrats make it HARDER for you to SELL your house
 
It's unbelievable to see democrats and Obama do this.

H.R. 1728: The Death of Creative Financing Mandelman Matters

Quote:
Consider this scenario:


You own a house. You want to sell it.


Someone wants to buy it.


You decide to sell it to the person who wants to buy it and carry the paper yourself for whatever reason. Maybe you want the income instead of the cash. Maybe you’re just particularly fond of the buyer, I don’t know.


I’m sorry… you can’t. It’s illegal.


Huh? Excuse me. It’s my house… Why can’t I sell it to whomever I choose, however I choose.


Nope, sorry. You’ll have to become a “lender” and get a lender’s license.


Why? I’m not a lender.


Well, because you’re only allowed to sell your own house once every three years without going through the bank for a mortgage. And there are a lot more rules than that, believe it or not.



It has to be a 30-year, fully amortizing loan and you must comply with RESPA regulations, provide Truth in Lending documentation, and “verify” that the borrower is able to repay the loan, just like the banks don’t.

If you are interested in the bill, read it for yourself.

GovTrack: H.R. 1728: Text of Legislation, Referred in Senate

NEPatriot 06-15-2009 07:27 PM
Re: Obama and Democrats make it HARDER for you to SELL your house
 
More information about this bill.

Lending 'Reform' We Don't Need - washingtonpost.com

Quote:
Reading proposed legislation designed to "reform" the mortgage market is usually a depressing experience for me. Most of the proposals would take us further from a competitive system that works for borrowers. This is certainly true of HR 1728, called the Mortgage Reform and Anti-Predatory Lending Act, which passed the House and was winding its way through Senate when this was written.

Virtually every section of the House bill, an amendment to the Truth in Lending Act, bears the fingerprints of consumer groups or mortgage lenders. Legislators and their staffs operate under the illusion that by refereeing between these groups, they can achieve a balance between the interests of borrowers and those of lenders. This is an illusion because most of the policies espoused by consumer groups further the interests of consumer groups, not those of consumers. Consumer groups look to entangle lenders in a maze of complex rules and potential liabilities, which provide opportunities to counsel and litigate for borrowers, and make special deals with selected lenders.


Harry Boy 06-15-2009 08:47 PM
Re: Obama and Democrats make it HARDER for you to SELL your house
 
Quote:
Originally Posted by NEPatriot (Post 1407563)
It's unbelievable to see democrats and Obama do this.

H.R. 1728: The Death of Creative Financing Mandelman Matters




If you are interested in the bill, read it for yourself.

GovTrack: H.R. 1728: Text of Legislation, Referred in Senate
People laughed and snickered at the word "Dictator" we are getting closer each passing day, in a way all this Obama ***** is good it will destroy the Left Wing Democratic Party.
Even democrats are starting to have second thoughts about Jug Ears & The Pelosi Gang, they sense the Backlash Coming.

wistahpatsfan 06-15-2009 09:10 PM
Re: Obama and Democrats make it HARDER for you to SELL your house
 
Quote:
Originally Posted by NEPatriot (Post 1407563)
It's unbelievable to see democrats and Obama do this.

H.R. 1728: The Death of Creative Financing Mandelman Matters




If you are interested in the bill, read it for yourself.

GovTrack: H.R. 1728: Text of Legislation, Referred in Senate
I was very interested in the Bill. I read it. I could not find anything supporting the charges made by your "source" (some loser blogger who offered no references himself).

Did you make the effort to look into evidence to back up your hysterical thread title? Look into the summary of the bill done by the Library of Congress. And since you give me nothing, I'm gonna make you do your own research.

wistahpatsfan 06-16-2009 09:10 AM
Re: Obama and Democrats make it HARDER for you to SELL your house
 
NEPatriot!

Wheere are you? Still trying to read the bill?

Wassamatter? Cat got yer tongue, bull***** artist?

Me not know why not you can't response.

NEPatriot 06-16-2009 12:51 PM
Re: Obama and Democrats make it HARDER for you to SELL your house
 
Quote:
Originally Posted by wistahpatsfan (Post 1408169)
NEPatriot!

Wheere are you? Still trying to read the bill?

Wassamatter? Cat got yer tongue, bull***** artist?

Me not know why not you can't response.
Did you take a look at washingtonpost link that I posted here???

If you want to know how this legislature will effect the way you sell your house, you need to talk to a Real Estate agent or banker.

wistahpatsfan 06-16-2009 03:13 PM
Re: Obama and Democrats make it HARDER for you to SELL your house
 
Quote:
Originally Posted by NEPatriot (Post 1408326)
Did you take a look at washingtonpost link that I posted here???

If you want to know how this legislature will effect the way you sell your house, you need to talk to a Real Estate agent or banker.

NEPatriot!

Still trying to read the bill?

You are making up ***** again!

wistahpatsfan 06-17-2009 08:02 AM
Re: Obama and Democrats make it HARDER for you to SELL your house
 
Quote:
Originally Posted by wistahpatsfan (Post 1408450)

NEPatriot!

Still trying to read the bill?

You are making up ***** again!
WELLLLL!!?

I'm WAITING!
http://www.areavoices.com/golfgeek/i.../tedbadhat.jpg

CrazyDave 06-17-2009 09:27 AM
Re: Obama and Democrats make it HARDER for you to SELL your house
 
1 Attachment(s)
1010101010

NEPatriot 06-17-2009 02:15 PM
Re: Obama and Democrats make it HARDER for you to SELL your house
 
Quote:
Originally Posted by wistahpatsfan (Post 1408939)

Waiting really sucks, doesn't it?:singing::singing::singing:


All times are GMT -5. The time now is 05:53 PM.
Page 1 of 2 1 2
Show 40 post(s) from this thread on one page

Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2013, vBulletin Solutions, Inc.
Search Engine Optimization by vBSEO 3.6.0 PL2

© Copyright 2000-2012. PatsFans.com Is a Partner of USA TODAY Sports Digital Properties.
The opinions posted in this forum do not necessarily reflect the opinions of our staff at PatsFans.com or USA Today.
We are not affiliated with the New England Patriots™ or the NFL™. The Photo Used In the header was taken by Ian Logue.

This site is owned and operated by I&K Internet Design Enterprises, LLC


1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95