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06-12-2009, 12:30 AM #1
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H.R. 1728: BANKS want to STOP you from selling YOUR OWN HOME
H.R. 1728: Now BANKS want to STOP you from selling YOUR OWN HOME without THEM
2009-06-11 — ml-implode.com
" H.R. 1728 passed the House by an overwhelming majority in a record three days time. Now it’s in the Senate and is widely expected to pass quickly as well. Why the rush? Is AIG planning to hand out zillions in bonuses again?"
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06-12-2009, 12:32 AM #2
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H.R. 1728: Now BANKS want to STOP you from selling YOUR OWN HOME without THEM
By Mandelman - Last updated: Thursday, June 11, 2009 - Save & Share - Leave a Comment
H.R. 1728 passed the House by an overwhelming majority in a record three days time. Now it’s in the Senate and is widely expected to pass quickly as well. Why the rush? Is AIG planning to hand out zillions in bonuses again?
My guess would be that our elected representatives and their banking benefactors would prefer that we don’t know anything about it.
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.
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