AS THE Obama Administration grapples with proposals to avoid a “double-dip” recession and jump-start the US economy, members of Congress are taking aim at the flagging housing market. With existing home sales down three percent in September 2011, the White House has urged members of Congress to espouse mortgage reform to help homeowners obtain the credit they need to refinance their homes at reasonable rates, especially those who are “under water” with their current rates. Taking a slightly different tack, a bipartisan bill in the Senate would seek to attract direct and immediate foreign investment in the US housing market and is gaining steam in Congress.



Daniel P. Hanlon is a California State Bar Certified Specialist in Immigration and Nationality Law and a principal of Hanlon Law Group, PC, located at 225 S. Lake Ave., 11th Floor in Pasadena, California; tel. No. (626) 585-8005. Hanlon Law Group, PC is a “full-service Immigration Law firm.” E-mail:
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