Harrison,It would be so hard to differentiate those with serious life problems and those that just flat out lied to get the house they got.The only "fair" way is to not interfere with the market imo.Yes these foreclosures will continue to depress house prices but that will also align them with a proper income/price ratio that has been way out of wack due to the bubble.

I was just watching a local news station with a panel of economists and a few of them agreed saying "in 18 months we the people are going to own several of the nations biggest banks."

Due to a minor drop in values, yes, but most TX markets are flat or even appreciating.

I have met some great minds, as well as some people many would classify as flat out loons!

Just a flat line appreciation rate for the next 2 years.

Big flat rubber roof, that could be 15-20k if that's bad, so we'll see.

Are you using an agent, flat fee MLS, Craigslist, all the above?

He owes $265K and the house is worth $235K, he found out that it needs $20K in structural issues, new roof $5000, remove broken solar panels $2000, windows/doors $3000 and property is not updated.

Instead of asking someone with decades of economic and financial experience his thoughts on getting out of this mess, Stewart pandered to his audience with a sham "60 Minutes" imitation, ambushing and interrupting Cramer, and even chastising him when Cramer admitted that several CEOs had flat-out lied to him.And here it is Saturday morning and BBC and NPR are still crowing how Stewart 'eviscerated' Cramer.Disgusting.

I was just able to change my avatiar and when I went back to my control panel to look at it, I found 8 awards for me!!!!!