Since my recovery, there really isn't much that scares me anymore.

This quote says it all: "A government-facilitated REO-to-rental program has the potential to help the housing market and improve loss recoveries on reo portfolios."

My two cents on Atlanta's recovery being later and deeper than some other cities: Atlanta's prices dropped after other major cities.

If you recall, Ginnie Mae, through FHA, issued a jumbo loan amount increase to $729,750 in 2009 to help with market recovery.

It's not that cities haven't seen this kind of growth before, it's that Austin seems to be growing so much faster than any other top 25 US city in an anemic recovery.

In addition to helping his own company, the investor has proclaimed on a number of occasions that he feels this sector is one of the biggest weights on the nation’s recovery picture.

The only right you have to the property is as collateral for the debt outstanding, no more.If you don't get your money from the sale on the steps and you end up with the property, under state law you still may be limited in recovery as the old owner can always step up and say he wants his equity beyond the amount that paid you off (incluing costs and expenses/repairs, etc).

In some ways they remind me of athletes with natural talent who are unwilling to put the work in to develop that talent, always complaining about how unfair the coach, or luck, has treated them when they have done little or nothing in the way of hard work to make their own luck.No sane person could deny that our government seems to have lost their reason when it comes to the way they are regulating business in general and lending in particular.

This helps me feel better about the value I’m buying and possible prospects for price recovery, but is just one indicator.

Good post Bryan. yes, the personal recourse is unlike that of securities, liquidating a firm for recovery.