Yes, you should check with your local government authority with any specific questions since laws tend to change.

Since the government is supporting some of the big lenders and possibly indirectly supporting the smaller lenders, the lender can just sit around until the market recovers.

The government propped the economy with cheap/easy to get money and allowed everyone to buy a home and leverage up 40:1.

But its start was way back when people were told by the government that they will take care of them.WE were made strong and powerful by standing on our own two feet and helping others to stand on their own two feet.

All are governed by a little different set of rules.Do you know what foreclosure type your foreclosure is?

FHA regs govern all - 90 days.Joel Soforenko

With the exception of a few regulations, mostly about settlement procedures (they're on that HUD site) and loan regulations, the US government is not very involved in real estate.

It's always a combination of location and market.My college rentals are in demand as enrollment increases.My low-income rentals are soft as businesses/government cut back hours and renters move back in with relatives.Unfortunately there's a steady supply of investors bidding up foreclosure prices in prime rental areas, sacrificing cash flow for expected appreciation.Maybe they're geniuses but it's not a bet I'm willing to make.

I know about the seasoning rules when it comes to buying homes using an FHA loan then turning around and selling them.I also know that if I purchase a government foreclosure there are seasoning rules also when reselling.But, if I buy a house with cash from an owner that owns a house free and clear then sell it to someone using an FHA/VA loan, are there seasoning issues as well?

The US government is offering $8k for first time buyers.