The second may or may not be made whole, again depending on if this value is real or imagined (not easy to tell the difference for many these days or if any lien holder still believes to property is worth much more than it really is).So pretend you have the third you bought for 2k.

First, thank you for posting...Second, thank you for posting in the real estate forums, and not the Politics forum...while this is clearly good fodder for over there, it's better here...This is clearly a ridiculous rule, for lots of reasons...if you want to protect renters, that's great...but don't pretend like you're protecting renters just to generate revenue for your government department...

In this area I finally just had to stop pretending it didn't matter & tighten up.

besides you can pretend your a dentist doing a root canal.

Yes, there are 35,000 members, but 34,990 of them are wannabes and pretend-to-bes and maybe 10 are successful investors.

Everytime I get the urge to smoke I pretend its someone else trying to get me to smoke.

My mom worked for the dreaded IRS for 30 years (and knew most of the IRS agents that had a plane run into their building in Austin recently) and doesn't pretend to scratch the surface of understanding the tax code.I would be all of drastically simplifying it so that I don't have to play all of the silly little games to hide income and reduce taxes.

But if they were ever forced to stop pretending that most of that has no value at all, they'd all be going into receivership.

Maybe there's some upside in another way (condo conversion, long term appreciation).When you see "proforma" read "pretend".

Furthermore, pretending to be something your not will GREATLY hurt your credibility.Honesty is ALWAYS the best policy.