This entire mess was caused by the government.

If these units are freshly rehabbed (and presumably therefore nicer than other similar units) and if the rents are being paid by the state or other government assistance, why would the current owner put tenants in so far below market?

Tim,No the problem is the system what we need is this new socialist government to completely take over.They will fix everything, just you be a good little worker!

at least we know our government would never waste our tax dollars, I'm sure they know what their doing.

I think the most important thing is if auction company or government auction provides buyer with title insurance.

Anyone have any information about Sherry Watson who teaches on government grants?

I can see a scenario were we have a bad year or so as the governments try to pull back from the edge.

My impression was that the market was at significant risk of dropping to new dot-com crash lows on the probability that the government was going to nationalize the banks, certainly including Bank of America.

"With two missile strikes over the past week, the Obama administration has expanded the covert war run by the Central Intelligence Agency inside Pakistan, attacking a militant network seeking to topple the Pakistani government.""

Is it just the fact that people don't like the control and regulations the government could impose once they take these banks over?