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).

We'll buy what we can afford on one salary in case one of us looses their job.I also think lenders and government don't want to see a repeat of what happened then, so they will be more creative and more willing to rework the loans or avoid foreclosures as much as they can.I also think it will depend on price range.