- Published on Wednesday, 28 May 2014 10:59
- Written by Super User
Submitted by the Wilmington Regional Association of Realtors®
WILMINGTON, N.C. (April 19, 2014) – While Realtors® from across the country convened in Washington, D.C. last week to attend the Realtor® Party Convention and Trade Expo, members from the Wilmington Regional Association of Realtors® (WRAR) met with U.S. Senators and congressional staff on Capitol Hill to advocate policies that protect and advance investment in residential and commercial property and that are critical to buyers, sellers and investors in the Wilmington community.
“Attending the Realtor® Party Convention and Trade Expo is an excellent opportunity for Realtors® to influence the public policy decisions that will directly affect consumers’ ability to buy, sell and own real estate,” said WRAR President Jody Wainio. “In hundreds of meetings with elected officials and staff last week, Realtors® demonstrated the strength of the Realtor® Party and encouraged support for issues crucial to their business, clients, community and the future of the real estate industry.”
Wainio and other prominent WRAR leaders and staff attended meetings with Senator Burr, Senator Hagan, and Representative McIntyre’s staff. The meetings focused on important issues impacting the real estate market here in Wilmington, including flood insurance, preserving the mission and accessibility of Federal Housing Administration and Veterans Affairs home loan programs, protecting real estate-related tax policies, and reforming the secondary mortgage market.
Wainio also urged Capitol Hill officials to reinstate an expired tax provision that provides relief to individuals following a loan modification, short sale or foreclosure. “The Mortgage Forgiveness Debt Relief Act expired at the end of 2013, and assured individuals would not have to pay income tax on forgiven mortgage debt,” said Wainio. “Distressed homeowners who’ve suffered through the loss of their home should not be further burdened with additional income taxes; it’s not only unfair but harms families, neighborhoods and communities. We urge Congress to act quickly on this issue.” National Association of Realtors® President Steve Brown, co-owner of Irongate, Inc., Realtors® in Dayton, Ohio, praised WRAR’s efforts to address the important residential and commercial real estate issues that affect individuals, communities, small businesses and the nation.
“Homeownership and commercial investment help shape communities and strengthen the economy. With several significant real estate issues being debated in Congress this term, it was important that Realtors® met with lawmakers last week to share their views and positions on proposed legislation that could have a meaningful impact on consumers’ ability to purchase and own real estate,” said Brown.
As Wilmington’s leading source for real estate information, WRAR acts as the voice for local real estate consumers and Realtors®. For further information on these topics and others, please visit www.wrar.com or contact a Realtor® in your area today.