How YOU can help:

Real estate investors, home buyers and home owners across the country need to go on record with HUD on this issue. Please review the proposed law and submit your comments to HUD. We have until March 5th (extended due to public response) to flood this system with comments.

Follow these simple steps:

1. Visit www.regulations.gov.  Select document type “Proposed Rules” then as keyword enter “FR–5271–P–01″ or “safe mortgage” and search (or use direct links below)
2. Review document as you need
3. On the right of the next screen, click on “submit comment”
4. Complete the form providing required info, your comments and submit

Or use these direct links:

FR–5271–P–01

SAFE Mortgage Licensing Act:

HUD Responsibilities Under the SAFE Act

(Document ID HUD-2009-0155-0001)

• Document Details HERE
• Submit a Comment by March 5, 2010 HERE

What do you say?

Say what you feel, but say it politely! The message should include that you would like the definitions in the proposed rules to be changed so that sellers can originate and service loans on any property they own, whether it’s a principal residence or not.

Make your voice heard!

Mike Sumsky