The Greater Springfield Board of REALTORS® works with Springfield City Government and Greene County officials to improve communication with our REALTORS®  and we monitor Christian and Webster county goverments and legislation in all cities in the Board jursidiction.

We study and make recommendations to our Board of Directors on any issues concerning real estate matters and are responsible for keeping up-to-date on state and national legislation affecting real estate. Our goal is to organize and lead appropriate Board action to oppose undesirable laws and unjust taxes. We strive to ensure enactment of sound and worthwhile legislation.

In January of each year a group of us attends the Capitol Conference were we meet with our State Legislators to discuss our concerns about upcoming issues facing the real estate industry.

If you have any questions or concerns regarding Legislative Issues, please contact Lynn Gephardt at 417-883-1226 or email LGephardt@gsbor.com

Stop Double Taxation - Protect our Homes
Protect your home from the damaging effects of real estate transfer taxes.

1. SAY YES TO NO MORE TAXES

Archive Flyers

Issues for MAR 2009 Capitol Conference

Photo Album for 2009 Capitol Conference

Photo Album for 2010 Capitol Conference

Federal Short Sale Guidance Out
Short sale procedures for loan servicers are standardized in guidelines released earlier this week under the federal government's Making Home Affordable loan modification initiative for troubled home owners. The guidelines create a path for a short-sale or deed-in-lieu of foreclosure for eligible borrowers for whom loan modification isn't a viable option. The guidelines provide $1,500 in federal funds to help borrowers relocate, $1,000 to help servicers offset their  processing costs, and up to $1,000 to investors to secure release of subordinate liens. For each $3 an investor pays to secure the release of a lien, the investor receives $1 in assistance. The guidelines prohibit a reduction in agreed-upon commissions (if they're not more than 6 percent) and take effect April 5, 2010, but can be implemented by servicers at any time. Fannie Mae and Freddie Mac are expected to follow this release with their own rules based on these guidelines . Read an NAR summary. Read the entire guidelines. For more contact Jeff Lischer, jlischer@realtors.org, 202/383-1117.

Access 2010 FHA, GSE Loan Limits
The 2010 FHA and conventional loan limits will remain at 125 percent of the local area median home price, up to $729,750 (with a floor for FHA of $271,050 and $417,000 for Freddie Mac and Fannie Mae). A list of area limits is available on HUD.gov. Appeals are being handled by the Santa Ana Homeownership Center and must be in by Dec. 21. FHA has more on this. For more info contact Megan Booth, mbooth@realtors.org, 202/383-1222.