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You may be wondering how a President Trump will affect you as a homeowner. Well, I am here to tell you that it is about to get much better. When Obama took office, he helped to develop a bloated law that was designed to protect consumers. In reality, it had the opposite effect.
Dodd-Frank as the law is named, crushed banks with unreasonable regulations, and in-turn killed the American dream of home-ownership. The consumers that needed the loans the most could no longer qualify, despite most of them being in a position to manage the loan without much risk. Banks were not the only “lenders” that were affected though. You may or may not be aware of the investment structures that investors use in this industry. These structures that were hit the hardest were in creative financing.
Previously, investors and homeowners were allowed to sell on contract and have the new buyer move into the home. After Dodd-Frank, this was not the case. The law made it for the most part, illegal for owner-occupied seller financing. One could only purchase on a land contract or contract for deed if they were using the property as a non owner-occupied investment. In addition, “rent credits” were outlawed, making it impossible to offer good terms to new buyers. This rule turned many new potential first time home buyers into permanent renters. This is bad for the housing market.
When all was said and done, the Dodd-Frank law designed for consumer protection has actually hurt consumers more than it has banks and investors. Those in support of the law, and the architects of said legislation, are actively spreading false data disguised as facts to consumers in order to keep a death grip on the population and keep big government control.
In the coming months ahead, President Trump will be eliminating the legislation which has caused this industry much harm, and returning freedom and opportunity to consumers, sellers, banks, and investors.
What does this mean for you as a homeowner?
It means that your buyer list just grew by leaps and bounds! Not only that, but it also means the companies like ours will be pursuing more investment properties heavily. You are better off if you are trying to sell your home quickly. The great thing is that you do not have to wait until Trump is sworn in and begins working on dismantling this terrible law. Ekwity Investments LLC is quickly expanding on the amount of offers going to sellers RIGHT NOW!
Are you looking to sell quickly? Call us or fill out the quick form on this page for a FAST OFFER!
Learn more about selling us your home. Read the FSBO Quick Sell Guide!
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