There is absolutely no way for the government to continue to spend at the levels they are.

The government will wise up and figure out this is not a rule you want to start with the economy the way it is.

It varies state by state on what level a real estate broker/agent can help a seller with a short sale on the residential side.In some states brokers/agents simply submit a contract and attorneys for the parties do the rest.In some states brokers/agents can help with workout options but in other states they must hold a mortgage license.There is also Federal requirements and disclosures brokers/agents must use when listing a short sale.The government calls it "the short sale streamline process".I call it a bunch of red tape that isn't needed which creates more government oversight and bloat wasting our tax dollars.Depending on loan type if the property is FHA then they can only accept a certain amount off of appraisal.A few years back it was easier to massage the bpo using different strategies to get close to your purchase number.Today more banks are using agents with experience doing bpo's and also the banks have controls in place to almost eliminate any manipulation by investor purchasers on value.Another point is if your area is declining by 1 percent a month and it takes 3 months for an approval by the time you close you have lost 3% in value.How you approach a short sale and an acceptable number will depend on what you are doing with the property.Margins and hold times are different for assigning,flipping,and rentals.

(which IMHO was fake unemployment anyway, with all the jobs being created by the government).For anyone looking for a new place to invest, maybe you should consider OKC!

Section 8 comes from appropriated funds and while HUD may get axed in funding, cuts will probably come from other areas.Like any government agency, there is fraud, waste and abuse, over staffing, probably more pencils purchased than they really use.But cutting the existing Section 8 funds will not be on the tableas they are obligations made.

Is it true that, if we show DSS (since it's a government agency) that there is no equity in the property and that the seller is getting no proceeds, that they will possibly remove the lien from the property itself  since they will get nothing if it forecloses anyway?

Government / Department of Defense$1,000,000 Liability Insurance (Won't ever need it, But they Have it)

Ofgift“The Constitution is not an instrument for the government to restrain the people, it is an instrument for the people to restrain the government - lest it come to dominate our lives and interestsâ€.- Patrick Henry - I have totally cleaned this e-mail from all other names, sending it to you in hopes you will keep it going and keep it clean.This is something I will fight for and I hope you all read it all the way through.

It is still an LLC and is still governed by the state law for the state in which the LLC was established.

Those people have no idea what they are doing besides trying to get the government as much money as possible.If those are appraisal values, done by a fair and unbiased source in current market conditions with good comps, then I would be a bit more safe with the numbers.