NuWire Investor Investigates New Foreclosure Scam Legislation

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NuWire Investor recently published its report on the origins and the failings of Washington state's House Bill 2791

NuWire Investor, an online financial news publication, recently released its report on HB 2791: a recent bill passed by the Washington State Legislature which may serve as an example--or a warning--for future attempts to legislate against foreclosure scams.

The bill's contents were drastically revised in a short period, complicating and obscuring much of the language and the origins of the changes. Some supporters are still pleased with the outcome, but there have been many detractors in the real estate community and among politicians, including one of the original sponsors, Attorney General Rob McKenna.

NuWire helps explain how HB 2791 became so altered during the political process and identifies some of the key points that real estate agents, investors and service providers need to know before engaging in any foreclosure rescues or short sales affected by the bill.

To view the full article, visit http://www.nuwireinvestor.com/articles/the-legislative-labyrinth-of-hb-2791-51744.aspx.

NuWire Investor provides investment news on a range of alternative investment topics, such as U.S. and international real estate, tax liens and deeds, lending, franchising and others. For more information, and to access additional analysis, research, commentary and expert interviews, see http://www.NuWireInvestor.com.

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Marie Langhout
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