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House passes bill loosening ILSA requirements

…Since 2008, ILSA had evolved into a loophole that allowed an informed buyer to head for the hills based on a “trivial technicality” when the markets deteriorated, said residential market maven and Miller Samuel CEO Jonathan Miller.

The new bill would likely reduce litigation exposure for developers, yet reemphasize the consumer protections that were the law’s original intent, Miller added….

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#Housing analyst, #realestate, #appraiser, podcaster/blogger, non-economist, Miller Samuel CEO, family man, maker of snow and lobster fisherman (order varies)
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