Monday, June 13, 2005

Big Banks and Congress' impending legislation Part II

According to realtor.org, it’s been 4 years runnings where the house of Reps have cosponsored new rules that would forever change the face of big banking and their real estate property management and brokerage activities. In other words, the big banks and conglomerates would be prohibited from touching those two functions. Already 231 House members and 22 United States Senators have signed the Community Choice in Real Estate Act. Who knows if this will actually come into effect, but when it does it may spell the end of the days of the free foreclosure bank list.

 


 

0 Comments:

Post a Comment

<< Home