We will revisit the same subject that she talked about with us several months ago: the overreach of the Department of Housing and Urban Development as we now have an opportunity to look at the new regulations enacted October 1, 2015 and their impact. If you need a refresher, HUD enacted guidelines for making every ZIP Code in America identical in terms of makeup by race and other categories throughout the country. They also initiated changes to the way mortgage applications are processed which for all practical purposes eliminates the ability to have closing in a transaction on old and new properties on the same date. This certainly creates a cash flow impossibility for most Americans and thereby makes real estate actions much more difficult.
Darlene is a tireless worker who has mastered her trade and offers a wealth of information for anyone desiring to buy or sell a house in this area. If you want to know what is really going on in an area of importance to all of us, please join us for the show. For most of us, our home is our most expensive possession and anything that government does to make ownership more burdensome is certainly not a good thing. But, then again, it's not about logic and common sense. It's all about control. Here's the link to the show which is good to preview it as well as listen Tuesday night at 7 ET.