Does anyone think this issue with the wall will prevent me from getting the FHA loan and therefore the property?

I'm sure there are some shady guys out there, how can I prevent a rehabber from cutting me out of a commission fee?

It said that "the collective efforts of servicers and government officials to date have not translated into meaningful improvement in foreclosure prevention outcomes."

It just really, really galls me that people bought houses they can't afford, or took all their false bubble equity out, creating a house they couldn't afford, and now want to be bailed out.

Oliver,To echo Jon's points, the short sale will prevent you from obtaining a fannie mae loan for a minimum of two years while a foreclosure will result in a five year wait before you are eligible for a FM loan.However, I doubt that the failure of WaMu will significantly impact your ability to sell short.

It's not sold as giving a boost to the economy, but rather preventing a crisis in our economy...

I have an abandonment clause in the lease that permits me to enter, and I also have a clause that request that they notify me if they leave town for 7 days or more to help prevent these kinds of issues from arising.

Anything done to prevent natural market driven occurrences will lead to "artificial wealth" and inflation.

There’s really only one way to prevent this from happening.

I think the foundation issues (relatively common in this part of Texas) currently prevent many people who'd otherwise buy this house as a primary residence from considering it.