(a) If the price at : which real property is sold at a foreclosure sale under Section : 51.002 is less than the unpaid balance of the indebtedness secured : by the real property, resulting in a deficiency[0], any action brought : to recover the deficiency[0] must be brought within two years of the : foreclosure sale and is governed by this section.: (b) Any person against whom such a recovery is sought by : motion may request that the court in which the action is pending : determine the fair market value of the real property as of the date : of the foreclosure sale.

The following approvals are in place and have only happened because of the land owners connections with the government. 1 - Pre-building project approved by the office of Municipal Engineering. 2 - Environmental Impact Assessment permits approved. 3 - Approved by the 12-19-08 IPAT investment law that provides for a property tax exemption for 20 years for up to $ 66 million investment projects, in addition to other tax benefits and incentives, which are derived from this approval. 4 - Plans were approved by IPAT for a full casino hotel casino hotel.

I'm sorry, but I do not care for any agency (government or not) telling me what I can or can not do with any property that I buy.

Estate Auctions, Government Auctions, Self Storage Auctions, etc...

It seems their never anything for Real Estate Investors What your thought or opinion on this new Government Plan March 2010

Don't look now, Rich, but the entire government is commie.

@Rich: I agree with you on the government getting involved with too many things, but this isn't the first time the government is taking such actions.

Key Features of the New Housing Rescue Plan The government’s newest housing rescue effort, which was announced Friday, includes these key tenets:·As much as $14 billion of the Troubled Asset Relief Program (TARP) will be made available to pay for writing down second liens for loans whose borrowers refinance through the Federal Housing Administration.·Lenders that facilitate refinances through the FHA will be required to write down the principal of the first mortgage by at least 10 percent so the home owner has a loan-to-value ratio no higher than 97.75 percent.·Lenders of second liens will be offered incentives of 10 cents to 21 cents per dollar of principal they write down in connection with an FHA refinance.·Borrowers who lose their jobs can apply to have their mortgage payments reduced for three to six months while they search for a new job.·Borrowers with a payment still greater than 31 percent of income after they find a job will be considered for a permanent loan modification.·To encourage more short sales and “deed in lieu†of foreclosure transactions in which the lender settles the loan for less than is owed, the government will double assistance to borrowers to $3,000 and increase incentives to subordinate lien holders and investors to $6,000.

Any government policy with regards to loan modifications has been a mess and totally ineffective.4.

I am sure that everone has read (or heard) about the lawsuit that many states have joined about the health care issue.The main claim seems to be about the federal government requiring everyone to buy health care.If this were to succeed somehow, could we see lawsuits over the government requiring everyone to buy no-fault insurance?