Dodd-Frank, the SAFE Act and other legislation in the last 10-years as dramatically changed the landscape around those transactions.

To add on, you actually wouldn't want to enact legislation that would prevent them from slashing prices.

wakefield,I'm still waiting for my attorney to give me a final opinion on the full impact of the legislation, but the section that troubles me (and most lenders I've spoken to) is the section that requires the buyer to "comply with all terms and conditions of the seller's mortgage."

.-2012 due to new legislation the foreclosure supply was cut off therefore decreasing supply...combined with the hedge funds driving demand through the roof and over paying for properties....prices begin to surge...we saw 30% appreciation in most areas of the valley-2013 Q1 and Q2 demand remained strong and inventory was VERY low.

I agree with you that it's not appealing to legislators, but realistically, it's a matter of time until we see drastic changes.

McHenry, the guy who brought the original bill to the house floor, further complicated some things by requesting a repeal of the Title III rules in place of a new legislation to make it more feasible to comply with.

The original BMW law had a phase in of 4 years, the revised legislation extends that self support point for the Flood Program further out into the future.

Also, recent legislation in CA requires big down payments when a trust deed investor, like yourself, is involved, and, you must be "suitable" for the investment.

This is often because of legislation that requires the solar companies to install grid-connected systems, except in areas where there is no public utility service.

Its one of the reasons for restrictions on this type of deal and the source of legislation like Dodd-Frank.