According to how this program works - it sounds like the panacea to all ills for anyone who's underwater - homeowners and investors alike, not to mention that it would basically render ALL forms of debt re-negotiation such as loan mods and short sales obsolete, as well as preventing further foreclosures and REOs.

In fact, many properties which have become functionally obsolete are have assessed values at way over market price.

These books have become obsolete in favor of title being insured.

I told her that everything she learns will be obsolete by the time she graduates,imo.

Also, isn't it possible that a lot of the info you pay for becomes obsolete, anyway?

, outdated advice, obsolete BP or blog posts, etc., in making investment decisions in a really complicated area of the law that changes every year, sometimes in radical ways.

I bought this rental in 2017 and my inspector recommend a new HVAC at that time as this one was obsolete. 

your blessed to live in a market were houses are cheaper than used cars.. and this is true in many parts of the US.. the value of the asset has nothing to do with replacement value.. if those houses burned down they would not be replaced.so your buying economically obsolete homes.. 

Possibly good because there will be less competition, but also possibly bad because technology is advancing so real estate appraisers may become obsolete.

Without getting into the major factors behind the changes coming over the next decade, it's critically important that we stop thinking abut investments in terms of obsolete paradigms.