I think it will be a while before we see REOs hitting the market in bigger numbers (at least 18 months).Last time, it took a couple of years before governments and lenders slowed foreclosures to a trickle.

Yeah they probably have poor credit and no down payment (except he probably just got a large stimulus check from our dear government; he has 5 kids). 

The government incentivizes the things they want done - i.e. tax benefits for those providing housing, lower rate loans for owner occupants, etc.

It’s in an excellent neighborhood with strong potential for appreciation.I have considered FHA 223(f) financing and making it a government subsidized building for seniors.

Instead of paying all that cash upon sale to the government, it's spread out (from my understanding).

The house had a forgivable government funded loan on it.

I think we can expect the Federal Government and Federal Reserve to continue intervening until at least November.

That' a pretty dire prediction, particularly when it comes from a government agency responsible for our mortgage marketWhat are you thoughts on this prediction, and what are your current strategies in this market?

What if the government decides to increase taxes when you are able to start taking your distributions?

This is a procedure where landowners can file with the local government entity in charge of titling mobile homes in order to claim the home has been abandoned and in turn remove the home from their land (or keep it).