Will have an adjusted basis of 48K, should sell for 89K fixed up.It was a former grow house.

That means, relying only on speculative values set forth by people in real estate market can cost you big discount of your net worth later when property values really adjusts.

Your left with the inflation adjusted zero return on future value of the home.If a home can make any financial sense (and I think it can), then it must be true that having someone pay for the bulk of your expenses (but not near the 50% rule) would still make you an ok real return - not considering any appreciation.It seems to me that my friend has a point - and she is likely making a return in the future.

Highlights of the new regulations include:--A Form 668, Notice of Federal Tax Lien, may be filed either in paper form or electronically;--With regard to a Notice of Federal Tax Lien that includes a certificate of release, failure to timely refile the Notice in any jurisdiction where it was originally filed would extinguish the lien;--A purchaser of property in a casual sale is protected against a filed tax lien if the sale price is less than $1,000 (adjusted for inflation - $1,320 in 2008);--A holder of a mechanic lien is protected against a filed tax lien with respect to residential property in an amount up to $5,000 (adjusted for inflation - $6,600 in 2008);--Household goods are exempt from levy to the extent they don't exceed $6,250 in value (indexed for inflation - $7,900 in 2008);--The regulations indicate that there is generally a 10-year period (reflecting the period in Code Sec. 6502 ) for instituting a proceeding in court or serving a levy to collect a properly assessed tax.Preamble to Proposed Regulations 4/16/08; Prop Reg § 301.6323(b)-1 , Prop Reg § 301.6323(c)-2 , Prop Reg § 301.6323(f)-1 , Prop Reg § 301.6323(g)-1 Labels: Levies, Liens

You still can make money at the right price but if there is someone there to keep the starting point high then your profit margin has just been adjusted.

What will time adjustments do (what will HVCC do!).

is the interest rate adjusted up for lower collateral and lower capacity to repay?

Markets do adjust.

Additionally, it seems that the banks are not considering adjusting loan balances, as we were told they would do, but only focusing on the interest rates.I'd love some concrete evidence as opposed to the 3rd party stuff I've been hearing, so if you know anything, please share.

If that's not enough time to read through your posts after making them, I don't know that 5 hours will be.Most sites I know only give you between 3 and 5 minutes, so I'd say the 20 minute adjustment should work fine.Thanks for the suggestion, Mike, and I hope that works for you and the others.Josh