Even the government is deep in debt and heading toward insolvency.

Will they be more willing to do the short sale process or will it go through red tape like everything the government does.I did one with one previously were they charged the homeowner $300.00 to pay for the Appraisel and some Short Sale Fees.

I do a ton of marketing to people in BK, and yes the Releif is filed for by the lender and it is a federal document that is filed as BK if a federal process.There are actually 2 great people that have developed a list of BK listings you can mail to depending on the area of the country, they might be in your area.I think they do Atlanta, Detroit, Chicago and a few other placeshttp://www.PostBankruptcyReport.com

Trouble is that FM&FM had this implicit, now explicit, government guarantee.

., were scheduled to reopen on Monday as Mutual of Omaha Bank branches, the Federal Deposit Insurance Corp. said.The FDIC said the takeover of the failed banks was the least costly resolution and all depositors -- including those with funds in excess of FDIC insurance limits -- will switch to Mutual of Omaha with "the full amount of their deposits."

Its not like its some government organization with any real power.

Otherwise you'll be the proud owner of a bad deal.Don't compete with the government for that distinction.

I like my income stream slow and steady giving the government a minimal amount of it.

According to the Federal Reserve, commercial and industrial loans from banks and short-term commercial paper not backed by collateral dropped almost 3 percent over the last year, to $3.27 trillion from $3.36 trillion.

Failure This Year Integrity Bank of Alpharetta, Georgia, was closed by U.S. regulators today, the 10th bank to collapse this year amid a surge in soured real-estate loans stemming from the worst housing slump since the Great Depression.Integrity Bank, with $1.1 billion in assets and $974 million in deposits, was shuttered by the Georgia Department of Banking and Finance and the Federal Deposit Insurance Corp.