Freddie Mac

So far this year, we’ve had the Economic Stimulus Bill, the Foreclosure Act and now we have the Housing Assistance Act. The bills are flying fast and furious as Congress tries to shore up an ailing economy, bolster the housing market and still put money in the coffers. And through it all the IRS is getting tougher and bigger.

The latest bill, the Housing Assistance Tax Act of 2008 (HATA) is signed and part of law. Here are the highlights:

I’ve advised thousands of clients to hold their property in an LLC for asset protection. Learn why I’ve now changed my mind and why you must ACT NOW to protect your ability to refinance in the future.

In this week’s Online Workshop I finish up the discussion I started last week about the recent change in internal lending guidelines issued by Freddie Mac. These new changes are making holding real estate in a protected business structure far less appealing than before. But I don’t believe the answer is to go “bare” and hold title in your name, either. That paints a huge target on your back … not to mention putting all that you’re working for at risk.

Join me for the final segment of my brand-new 3-part online workshop to discover what I’m doing (and suggesting for my clients).

The Trust Sandwich(tm) teleseminar has been downloaded now over 1000 times. Wow. That maybe a record for just a few days up on its new site at Trust Sandwich. I’ve had a couple of questions, though, that I want to address. First, a few people have asked me why their real estate agent or attorney doesn’t know about that. I don’t know why they don’t know about it.