Without regard to how the lenders benefit from HAFA or whether or not HAFA is fiscally smart, what is the downside to HAFA to the homeowner?

Mark Bascetta sorry, just saw this. i grew up in CT and just moved to texas 2 years ago. i live in houston. to be totally honest, i like the numbers in new britain better than houston. however, houston is exploding with growth and CT is not. as you can imagine, the massive growth down here does not yield cheap properties. i’ve had success in CT and plan to continue that.

We both create massive value (him more dollar wise lol) but only I can physically feel that value.  

I don't have a massive reserve of cash so the less I have to put down the better in case something unexpected comes up which it does 99% of the time.

I tried to find a buyer or realtor to refer it to, but it had boarded up windows, a massive hole in the floor and one in the roof not much smaller and nobody local wanted to sell it.

I could have written a book about how good an investment that silver is, during the massive run-up in the 1970s, and for that moment in time, the book would have been entirely accurate. 

If the cash flowing assets are D class neighborhoods, the asset may have very low value and the cash flow may come with massive problems and headaches.

Run that same scenario but on a rental that nets $100 a month instead of -$100 a month over 30 years and see just how massive the difference can be.So yes, i see what you're saying about it being a feasible investment.

If rent control/just cause was magically repealed in the Bay Area, there would be a massive over-supply of rentals available because every below market tenant would get served eviction papers.

Anish I think her point was that the comps were properties in massive need of repair.. and that her property was perfect.Just like when we buy in the mid west.. and the appraiser pick up a vacant as is house that sells through a wholesaler for 20k but the turn key out fit is selling the same house on the same street for 75k...