At least with this short sale they get the $5K payout from the first and any incentives the government provides.

All they did was push judgment day down the road slightly and have caused the inevitable collapse to be much worse.I am also very concerned that the government has taken over the banking industry and many of our private industries (like cars).

And flight times are reasonable if you are flying to Europe, the Middle-East or Asia, which are the primary target markets for Dubai's real estate developers.The main long-term problem for Dubai is Singapore, which has great governance, a common-law background, respect for the rule of law, rapidly improving nightlife and lack of the cultural baggage that is associated with the Middle-East.

They didn't lie to any government or law enforcement officials so at worst there may be a fraud/breach of contract charge on behalf of the producers against the couple.

I hate the thoughts of giving the government that kind of money, I would just like to cash out now, pay my 15% and move on.

MOST servicers are signing on for this from what I understand.I think it will ultimately lead to more DIL's than anything else.Whenever government steps in to "streamline", things generally get worse not better IMO.

The government's solution to this debt crisis is to borrow (print) more money by the boat load.

Why are economists talking about deflation when so much money is being printed by governments all over the world in order to revive the world economy?

It's not the same government, and certainly not a friend of israel.True, but still, it is a democratic country, so it is not the government, but the people...

Hi Josh, suggestion:Could there be a government information article of some kind?