@Joel OwensInstead of creating a new thread, I thought I'd continue on one already open for new information.My end goal is to be as passive as possible.

You are required to continue to make payments.

Our vast audience is compromised of real estate investors, agents, lenders, bankers, legislators, homeowners, renters, and other real estate professionals and service people.The site gets hundreds of thousands of unique visitors a month (currently close to 350,000), and we're continuing to grow at a great pace.

I'm typically a cash flow investor concentrating on solid CoC returns with acceptable risk so continue to generate new downpayments from within.

The town has not bitten the dust, it is doing what is necessary to reorganize so it can continue operating.

They also continue to get government grants for housing, day care centers, etc. which I find rather curious.

Some areas were not impacted much and business continues as usual while other places are becoming ghost towns and the homes are being bulldozed to keep transients out of them.

If from there things don't get moving I'll continue to track the property and move one.

I think at best we may see small gains in some markets, but many will remain flat or continue to decline.

I will continue the search!