I haven't posted in a while due to going to C.A.R. in Sacramento so here is a little something for you Repo Tours.com members:
Originally Posted On My Site
Let me start this entry off by saying that C.A.R. (California Asssociation of REALTORs®) was very informative and there are many things going on right now in the industry. The most important news I pulled from the Convention was about HR Bill 3221 and Senate Bill 3221. These started as energy bills and foreclosure prevention was added as a "rider" (Definition Here) The House Bill will raise FHA limits to 729,000 and about 750,000 in high-priced areas of California. The Senate would raise the limits to only 550,000. There will also be 6.5 million dollars alloted to attorneys who specialize in foreclosures! Now this is another tricky ...