I will try to dig it out tomorrow.

I don't mean to be the bearer of bad news so please don't take this post as me trying to rain on your parade.

Presently this is the case, but it is appearing like FHA financing on condos is in the process of being reformed to be more lenient on its restrictions: http://www.utsandiego.com/news/2012/may/20/tp-fha-may-ease-regulations-for-mortgages-on/I think this latter point is the biggest reason for optimism in the condo market.

Does the treasury just go into debt to the FED and then print or otherwise digitally create the currency?

(checks are already bouncing).The brokerage says earnest money and escrow deposits are safe but who knows.If you are a buyer or seller with a broker/agent from their firm I would seriously consider not holding any money with them.http://www.wsbtv.com/news/27524829/detail.html

At that point the county post the info in the news paper and it goes to county court (2 1/2-3 months) which in that case it goes to auction at the county steps (supposedly) if nobody buy its at auction (which in my experience nobody ever does) then it becomes your property.

Even then, its limited to $25K passive losses a year.The good news is the disallowed passive losses carry forward and can be taken when you sell.

This was one of the holdouts when the neighborhood became developed.This is pretty much where the good news ends.

It is funny how sometimes people equate correct knowledge as bad, because it brings them news they do not want to hear.

Anyways, I'm sure I'll have some great news on that topic very very soon.