Short Sales and Bill HR 1728

My email inbox has been inundated the past few days with reports of a landmark bill, HR 1728, that is supposedly the end of creative real estate as we know it.   Many of my students are looking for my take on this…

First off, I strongly encourage everyone to exercise their rights as American citizens to voice opposition to law making that could be detrimental to our country.  As we all know, even legislation with the best of intentions can have far reaching negative consequences. 

And I applaud the other speakers and trainers out there that are using their influence to educate investors as to the issues facing our industry; but my question is this, has anyone actually read this bill?  

http://www.govtrack.us/congress/bill.xpd?bill=h111-1728

From the tone and sheer volume of emails, I was expecting this bill to crush real estate investing as we know it.  But after reviewing it myself, I was pleased to find out that it wouldn’t affect my or my student’s investing activities at all.  Sure, it may negatively impact a small few, and sure, it is one more governmental control over our free market capitalist system, but this is not something to lose sleep over.

Plus, as you glance over the past 5 years of legislation associated with real estate, almost all laws have attempted to remove the thieves and swindlers of our industry and encourage the ones doing it the right way.  Take for example the potential for banks to be rewarded for doing a short sale.  Not only are short sales helpful to homeowners and lenders, but now the government is getting behind them!  What a great validation that what we are doing is exactly what America needs right now.

But there is something more pressing that you may want to lose sleep over; the massive opportunity to make big money and help people and the lack of educated investors who are actually doing it.  What a tragedy it is that this month, thousands more houses will go into foreclosure, thousands more borrower’s credit reports will be ruined, and no short sales will done on these properties because investors and real estate agents aren’t educating themselves on how to close short sales correctly.   After Michele Evan’s experience, you no longer have an excuse as to why you aren’t making a fortune right now (see previous post entitled “What’s Your Excuse”).  The biggest fear you should have right now is in NOT making as money and helping as many people as you can. 

The greatest tragedy of all is not in new bills that Congress passes, but a financial life only partially lived.  You are at the right place at the right time to be investing in real estate.  I beg you, don’t let the greatest financial opportunity of your life gently wisp away because you are too busy juggling the minor things of life.  Take action by getting educated and join the Michele Evan’s of the world who have reached their financial dreams in a very short period of time.  For those of you who are not a part of our program, join us tonight for a special online training webinar so that you can take advantage of this incredible money making opportunity we have before us and live the life you have always wanted to live.  Register here:

http://www.shortsaleteaching.com/webinar.html