H.R. 3221

Yahoo News reports that HR6694, aka The FHA Seller-Financed Downpayment Reform and Risk-Based Pricing Authorization Act of 2008, has been approved by the House Financial Services Committee.  Although this is just one of many hurdles to reform and maintain seller-funded downpayment assistance programs such as Nehemiah, Ameridream, HART. As of right now, seller-funded downpayment assistance is set to end as of the end of September, due to provisions in HR3221 we will keep you informed.

http://www.mortgages-for-everyone.com/news/what-are-the-benefits-of-hr-3221/

http://www.csmonitor.com/2008/0813/p01s08-usec.html

http://www.realtor.org/GAPublic.nsf/files/tax_bills_foreclosure.pdf/$FILE/tax_bills_foreclosure.pdf

http://www.rules.house.gov/110/text/110_hr3221.pdf

http://www.chfainfo.com/news/HR_3221.icm