The Homebuyers Assistance Act Assists Lenders To Avoid Prosecution

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Today, Garrett Graves voted in favor (click here to view vote) of H.R. 3192 The Homebuyers Assistance Act (click here to see the bill). The Bill was sold to the American people as a consumer protection tool for those who sign a mortgage.  The legislation passed today does not allow sufficient legal recourse for a Homebuyer tricked by a Lender. More importantly, the Burden of Proof is placed solely on the Buyer instead of liability on the part of the Lender. 

Basically, H.R. 3192 protects the Lender instead of the Consumer (Buyer).

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