Posts tagged "Government regulations"

Illinois HB 1376: $500 Sewer Camera Inspections To Be Required On All Home Sales

Illinois HB 1376: $500 Sewer Camera Inspections To Be Required On All Home Sales
How would you like to spend another $500 when you sell your home? In addition to thousands of dollars of closing costs you are already responsible for. Well, Illinois HB 1376, also known as the plumber full employment act and introduced by Rep. Luis Arroyo of the 3rd district, will cost you an additional $500... Read more »

4 Really Crazy Homeowner Tax Laws

4 Really Crazy Homeowner Tax Laws
We all know just how crazy the tax laws are in this country. The CCH version of the income tax regulations runs 14,144 pages but that’s what happens when you commandeer a revenue generating process for social engineering. And it turns out that the country’s housing policies contribute to the problems with some really crazy... Read more »

How The Government Actually Makes It Harder To Buy And Sell Short Sales

How The Government Actually Makes It Harder To Buy And Sell Short Sales
In response to my last blog post about how a bank refused to pay my commission on a short sale that I was buying for myself the Chicago area MLS did some further research on the issue and was in contact with the Chicago Association of Realtors with their findings. They referred me to so... Read more »
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Only 5 More Years Of Real Estate Pain

Only 5 More Years Of Real Estate Pain
At the Five Star MPact Mortgage Banking Conference and Expo on Tuesday Fannie Mae’s chief economist, Doug Duncan, declared that we are half way through a 10 year adjustment period in real estate. It seems to be a rather bleak assessment of the future for real estate. After all, I assumed that once the economy... Read more »

Government Price Controls Mandate Higher Compensation For Loan Officers

Government Price Controls Mandate Higher Compensation For Loan Officers
It seems that the damn government just can’t keep their hands off the economy. Of course, with such a great track record, can you blame them? The bureaucrats love to believe that they can micromanage any aspect of any industry but in reality there’s no getting around the laws of economics or the law of... Read more »