The lack of efficiency in disposing of underwater assets and laws that eliminate personal recourse exacerbate the bad bets by the banks and FORCE the government to use "revenue" collected by members of other states to "fix" the problem.

Yes a nationwide HML will usually be much higher as they are building the risk out.The local HML has a more intimate knowledge of the area,the laws,etc. so can cover risk and chance of default better on the loan.10 points is outrageous.I looked at rehabbing but I am not that hot on it because of the long hold times involved to an end buyer and all the residential BS red tape the government has enacted.The points aren't as bad if the interest rate is really low.If both are high there are too many HML's to pay those ridiculous rates.

And there is a chance that he will need to be there for 10+ years.Another issue is that the house is probably owned by the government.

I'm going thru my first HUD purchase right now, and it's obvious that it's run by the federal government!

She presented us (PM and I) with bank statements where it shows the payment they get from government and it also shows a savings, around $40K.She at first requested a 2 year lease which we told he we will consider after the screen, but then she changed her mind to 1 year lease as she will consider buying if they like Florida.The PM told me that during these times where the economy is bad and many people have credit problems, there will be issues finding "the perfect tenant".

HAFA is a government run short sale program and it favors the lenders.

They write and lobby for new laws governing hoas.

Please "google" theDodd Frank Act (and how it relates to S.A.F.E.)It is the "buzzword" topic for many of the "seller financing gurus" and currently a troubling topic on various note buyer blogs, teleseminars, and webinars.I have received multiple emails alerting me as to our Government proposing changes to an amendment (i.e.

Would it be possible to return it to a VA home therefore collecting rents of the government??

Government Plans To Rent Out Foreclosed Homes