Depreciation risk is biggest concern, faster declines slower recoveries.

They get to book recovery and you get a property and the homeowner gets a second chance to move on.

With an updated appraisal it might be tough to win an IRS argument though if you were to use the assesment, if the IRS sees an advantage to using the most recent appraisal.I'm a huge fan of the 2500 de minimus it gets you the deduction today AND when you do to sell the asset is not covered under Section 1245 recovery.

It is poised for recovery in about 5 years.

We speculate and buy for appreciation in the midst of the landlording business but it is adhering to the core principles of the landlording/cashflow business that allow us to acquire as much as possible and stay afloat while we wait for a market recovery during which to sell and find the next area that is undervalued.Tim

The "too low" part is up to the bank to decide, not the agent who has no idea about loss severity and recovery numbers the bank is guided by.

Here's one part of the bill called the Hope for Homeowner's program: H.R.3221Housing and Economic Recovery Act of 2008 (Engrossed Amendment as Agreed to by Senate)--------------------------------------------------------------------------------`SEC. 257.

Here are some steps you can take today to begin the recovery process – while you invest.Credit won’t be as readily available to you, so the first order of business for you will be to try to quickly build some positive credit.

The closer the property is to the coast, the less it is likely to lose in value and the shorter the recovery period is going to be.

I've been talking to agents, and each one seems to say something different: either houses are selling, or they're not; either we're seeing some recovery here, or it'll get worse.