New Laws!

[Jake Andersen]

First of all thank you to all of you who respond. I am aware that new real estate laws have been passed regarding many aspects of real estate. I deal primarily in the pre-foreclosure realm and I am just getting started. I have heard of new legislation regarding second mortgages that includes reimbursement from the feds to the lender on a shorted second if they sell the short to the homeowner. any truth to this and how are seasoned investors dealing with this? Also is there any other legislation which is making things more difficult for investors than they used to be? Thanks for all your help. jake