THEY ARE DOING AWAY WITH THE ARMS LENGTH LAW.
THE ARMS LENGTH LAW SAID THAT THE BUYER IN A SHORT SALE PROCESS COULD NOT BE RELATED TO THE OWNER. SO IF YOU WERE LUCKY ENOUGH TO HAVE A FAMILY MEMBER WHO COULD SAVE YOU, WELL.....THEY COULDN'T SAVE YOU.
THIS COULD CHANGE EVERYTHING FOR SOME PEOPLE. IT COULD KEEP PEOPLE IN THEIR HOMES AND KEEP FORECLOSURES AND SHORT SALES OUT OF THE HOUSING POOL.
IS THE LIGHT BEGINNING TO PEEP THROUGH THE LONG DARK TUNNEL?
I SUSPECT THAT IT MAY BE.
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