As we now know, Fannie and Freddie are now controlled completely by the Federal Government.

They have the proverbial "License to steal" with the blessings of the government!

On the other hand, since commercial properties are valued based on their income potential and risks, a strong government lease should make it quite a bit easier to obtain financing to acquire it.

Pressure from the federal government to accept more short sales and now banks will need to accept even lower prices to compensate for the additional costs which will create less short sales.

What is to keep us from doing this here and eliminating this big government mess altogether?

Here is my Background: I'm an 18 year old young man interested in real estate but with a career education headed into computer security industry as a certified ethical hacker for the government and a cyber cop for business large and small.

What I find interesting is that the economy is in the tank and all the government comes up with is ways to tighten controls without making a way for jobs to be created.Tightening credit is a poor way of encouraging existing or new business to take on risk.

What some don't seem to realize is that in the last several years the government has made it necessary for banks to have larger reserves in order to lend money.Government agencies create many of the lending guidelines.

REDC is not in any way affiliated with the government (other than the government being a client in some cases).

Hey There Eugene,Well to be completely honest, I sent them(the city code dept) an e-mail stating I was interested in petitioning to the government about the problems the city faces with all of the properties with code violations.