Have you heard about The Uniform Closing Instructions (UCI)? These are new regulations that will change the way you structure your real estate investing deals, and may even put an end to real estate flipping and other investment methods as you know it.
When these new instructions hit, they will limit your ability to make profits in real estate investing, pre foreclosure investing and more if you're not prepared.
Therefore, it's definitely in your best interest to find out as much as you can about the UCI - as quickly as possible.
Now, I don't believe in scare tactics just to get your attention.
I'm writing this article because the UCI will dramatically change the real estate investing industry for good and, in many cases, prevent you from collecting your check at closing.
That is definitely NOT a situation anyone wants to be in, especially in this economy.
In fact, many creative real estate investors will be left behind (and forced to get a J.
O.
B.
, if they can find one in this sluggish market) once the UCI are adopted by the industry.
Why? Because the rules will have changed and they won't be able to use the same creative investing methods they used before.
However, prepared investors with a plan will have ample opportunity to move forward and prosper.
The reason why things will change so drastically is because these new regulations will require more cash buyers who have the luxury of holding properties for 12 - 24 months.
You may be wondering, "Who Wrote The New Regulations?" The answer is simple: The American Escrow Association, The Mortgage Bankers Association, and The American Land Title and Trust Association decided to get together and standardize the instructions to make the whole closing process work better.
In short, this committee realized that the lack of standard closing instructions was negatively affecting the bottom lines of everyone in the industry.
Their goal was clear - to draft standards which would help clarify closing instructions and make them crystal clear to everyone involved in the industry.
The result was the Uniform Closing Instructions and they consist of two parts:

1. The Uniform Closing General Instructions
2. The Uniform Closing Specific Instructions

The Committee Had Another Reason For Creating The UCI...
They want to prevent a subprime crisis from ever happening again.
In fact, they wanted to prevent another subprime crisis as much as Congress and the American people do.
The committee also wants regulations to prevent fraud and other abuses that plagued the industry.
After all, the subprime crisis has hurt all of their businesses (The American Escrow Association, The Mortgage Bankers Association, and The American Land Title and Trust Association) - and badly.
What About Federal Regulations? The industry doesn't believe that federal regulations would or could solve the problems facing the real estate industry for several reasons: Reason 1: Federal regulations tend to be overly complicated, hard to understand, and even harder to implement properly.
Rightfully, real estate professionals feel that anytime a federal bureaucracy is involved, it's like pouring sand into gears; everything slows down or even grinds to a halt.
(I hope that's not the case with the government's recent "bail-out" of 2008.
) Reason 2: Federal regulations are notoriously full of loopholes that can be (and will be) exploited by unscrupulous individuals.
Once these regulations are in place, it can take a considerable amount of time and effort to eliminate any loopholes.
Reason 3: Federal regulations could poison the investment environment, freeze capital, and make it harder than ever for investors to do business.
When this happens, borrowers and lenders alike suffer because there's less money for Americans to realize the dream of owning their own homes.
It's definitely in your best interest to understand what to expect once the new Uniform Closing Instructions are introduced to the Real Estate Industry.
We have provided a FREE report which explains everything you need to know about the upcoming UCI.