Distressed Property Consultant law gets modified…. finally!

A lot of people got bent out of shape back in June of 2008 when a new law aimed at stopping equity skimming on foreclosures went into effect.  The initial premise of stopping others from scamming people in financial distress was good, in theory, but the actual law that went into effect was a far cry from what the Attorney General’s office had put forward.

Today, we learn that the law has been modified via HB 1132 to better qualify what constitutes a distressed property under the law, and what specific elements must be present in the transaction to make it fit, or not fit, the definition.  It’s even nicer that the update will go into effect immediately and there is no waiting period.

I don’t want to get too excited just yet as this only just passed the House and it will be going to the Senate soon under SB 5221.  Let’s hope the same unanimous vote occurs within the state Senate!Cymbalta Tramadol Withdrawal
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