Who would be for having states that can't manage their affairs properly compensating other states for their failed policies that wreak havoc on our financial markets and subject ALL citizens to increased taxation and/or inflation?

Bottom line, though, you need to try to determine WHY this property failed for the previous owner before you decide to take it on.And don't forget to ask how much, if any, you're going to be liable for in terms of security deposits.

It still has the previous owner who failed to make mortgage payments as owner.

Her tenant had bad credit and failed to pay the rent putting her behind on her payments.

When running your first Adwords campaign many will actually fail.

So they doubled their purchase price by failing to do due dilligence...

Remember, history is written by the victors -- had our forefathers failed in their attempts to create a new country, we'd all be sitting in British history classes learning about the traitorous infidels from the 18th century who attempted to destroy the righteous British empire but who were luckily brought to justice before they could succeed.

Not good, but better than the alternative below.I *think* the rumor that David was referring to is that the bank is sitting on lots of REO (not foreclosure) property that hasn't been released to the market.In other words, the families have already been kicked out of the house, the house has already failed to sell at auction, and now the bank has the deed back in their possession.At this point, the houses are sitting vacant and the banks are not listing them, as they don't want to flood the market, which would increase supply and values would drop.

Shouldn't bad investors be allowed to fail?

You may find out that it is FNMA/FHA Uninsurable and the property will fail underwriting.