I tell my guys that you need to wake up in the morning and put on their cups (athletic reference).

(So if there is a foreclosure and there isn't enough equity left in the property due to a market correction, you can rent it out until a recovery.)If there is a second lean on the property and both the 1st lean and second are underwater, does the 1st position have to make the second position whole before taking over the property to rent it out?

I am in that business and I really hate it when a property sits on the market because I know I am losing value every day.I expect 2011 to continue to witness a gradual decline in prices, with a possible stabilization in 2012, followed, hopefully, by a mild recovery.

to corrupt (giving out bonuses to the people who engineered our financial meltdown) to crippling our recovery (why should a person with your profile not get approved - loaning to business creators and decent investors is not only how they make money, but the key to our national recovery).

I don't think we are at the bottom but there are several areas that have shown signs of recovery and stabilization.I think the question is to broad to answer from a National level and can only be answered from a local level in my opinion.That being said, many local areas here in So Cal have seen sales increase, supply decrease, buyers increase, and values stabilize.I have also seen sevral areas in Las Vegas where the prices continue to fall, however, the rental market is good and you can pick up properties for much less than the cost to build.

Now, if the recovery was around the corner, some may prefer to bite the bullet in order to cash out then, but I don't see a quick recovery.

sitting in the back in the adidas athletic gear.  

However, ADP reported a loss of 7,000 jobs, saying, “Restaurants and hotels were the biggest job creators during the post-pandemic recovery.

The proper use of leverage when used correctly can be a tool to help you realistically reach your goal with less stress.I hope this helps.Mike, I wish you a speedy recovery & the best of luck to you & your family.

As we could imagine, the recovery amounts will diminish and time will likely extend to recover that diminished amount.