This "Safe" act appears to be yet another way that the federal governmentwill inhibit the free market. The concern is that this will inhibit an owner from selling their property themselves, and carrying a contract on it. I believe we must remember when inflation sets in, and dont be fooled it must set in in order to get all of this printed money back off the streets, or our dollar will continue to devalue itself, our industry, and our sellers will turn to the "Real Estate Contract" to level us out. We mus all remember the savings an loan fiasco, and what happened then, interest rates soared in to the high teens, and low 20 percentile. How many of us have buyers that could afford that right now, so it will be imperative to keep the housing market alive for sellers to be able to carry contracts, and be able to keep the flow.
I believe that we must remember that wherever there is a buyer and a seller willing to negotiate, that is what keeps the market flowing, not our federal government stepping in with yet another regulation.