Remind them what that is going to cost (as described above or as you like) and how long a home could be on the market before getting a deal and then how long it will take to close before finally getting relief.

Brian, I'm not familiar with Texas deficiency laws, but have you heard a recent federal law called the Mortgage Forgiveness Debt Relief Act?

Key Features of the New Housing Rescue Plan The government’s newest housing rescue effort, which was announced Friday, includes these key tenets:·As much as $14 billion of the Troubled Asset Relief Program (TARP) will be made available to pay for writing down second liens for loans whose borrowers refinance through the Federal Housing Administration.·Lenders that facilitate refinances through the FHA will be required to write down the principal of the first mortgage by at least 10 percent so the home owner has a loan-to-value ratio no higher than 97.75 percent.·Lenders of second liens will be offered incentives of 10 cents to 21 cents per dollar of principal they write down in connection with an FHA refinance.·Borrowers who lose their jobs can apply to have their mortgage payments reduced for three to six months while they search for a new job.·Borrowers with a payment still greater than 31 percent of income after they find a job will be considered for a permanent loan modification.·To encourage more short sales and “deed in lieu†of foreclosure transactions in which the lender settles the loan for less than is owed, the government will double assistance to borrowers to $3,000 and increase incentives to subordinate lien holders and investors to $6,000.

Considering it's your primary residence you should be ok with the homeowners relief act.

Kohlman claimed that major international Islamic charities such as IHH, while providing genuine humanitarian relief, are "charitable front groups that provide support to Al-Qaida

As an investor and a business owner, I know that I will do quite well, but there are many needless people that will suffer and no relief in sight.My concern is creating greater difficulties when it is already tough for businesses which translates into fewer jobs and less innovation.

Morgan Stanley is pushing a mortgage relief plan directly to Congress.

It was a relief to get out from under that as it was over our heads as far as a property type to manage and operate.

With the FDIC they could let another bank take over Indy Macs assets or they could have sold all the notes off in a bulk sale.You will have to dig at the FDIC site to see what happened.If the owner is contemplating filing BK the property can be tied up for a very long time.Once they file BK they breathe a sigh of relief.It's when the BK is about to get a relief from stay that they want to play ball again.Watch this property but don't get to invested in it.You can never control what happens to a property or what the seller will do so you have to line up many targets for acquisition.Some you will blow off right away,others you will follow and possibly put under contract but won't work out,and then others you will buy.

I bought a house that I actually breathed a sigh of relief on because the copper thieves came through and didn't break a door coming in.