However, from my own experience, plenty of buyers refuse to listen to advice and go ahead regardless - taking on more than I personally would recommend.So I guess my main point is you can't just blame big banks and government for people who get into trouble with Homepath properties.

They keep a lot of loans in their own portfolio so they don't have to always conform to Fannie/Freddie regulations.

Some of the most significant regulations the IRS has come down with recently deal with this, it's an issue they are focusing on.  

They are now regulated more so than in the past and the penalties for violating the regs are severe, but L/O's were never made illegal.

State government, which will never go away; hospital hub; education hub, with the state university schools there; and the new nano tech hub nearby.  

@Jamie Montpellier There were folks here who thought we should adopt similar regulation.  

I'll bet that the Federal Government has probably spent millions of dollars in research and determined that people will continue to die owning real estate and leaving money messes for their heirs to clean up.

However Baltimore government can be a pain to deal with. 

The 1099 form is another job that the federal government requires you to do because "You didn't build that".    

Now, the city wants a new garage built meeting current setbacks, which will create a nightmare.We decide to cancel and the listing agent threatened that the government has lawyers who loves fighting.