I have an appraiser that will get me comparable sales and the range that he feels the house will appraise in.

How do you think they would compare?

To add more injury to insult they asked me to provide my business and personal bank statements, to ensure that I was financially suitable to be making/receiving the type of money compared to the deposit they had on hold.

The real estate bust and all the problems we have now are miniscule compared to what's coming in the next few years, which is a total collapse of our government and bankruptcy of our country.

Aren't things moving too fast to compare it to past recessions?

Everyone does this a bit differently as you can see based on Bill's response as compared with mine.

I'd look at the Case Shiller home price data and compare that to inflation.

That means you have to qualify for both the existing one and the new one.If you actually get your current one rented, and can show a tenant has been in there for a while (90+ days, I've heard), lenders will acknowledge its a rental.When considering rentals, they will take 75% of the rent, less the taxes and insurance, and compare that to the P&I payment.

No other country worldwide can compare with the volume and quality of American books published, and these really should be available worldwide.

Thanks for the suggestions.The reason I compare those two homes is there aren’t much home sold since October of2008, and for the home that sold within 3 months is better this one (i.e. more bedrooms, large house/lot and better condition) is sold around 360k to 500k.