Brian, I'm not familiar with Texas deficiency laws, but have you heard a recent federal law called the Mortgage Forgiveness Debt Relief Act?

While history is important and some regulation is needed to prevent anarchy, it should be done at a local level accepted and implemented by locals rather than having layer upon layer upon layer of regulation such as is seen from local, to county, to state, to federal.

I have done alot of research on lease-purchase options and I heard they are/will become more popular now because the buyers pool has shrunk.

The article also predicts that the new federal Home Affordable Foreclosures Alternatives (HAFA) program, to come on-line on April 5, will have minimal effectiveness.

I know Ann Coulter is not a popular name with a lot of people but she lays out a legal case here against Phelps that is very interesting.

First Tier who was previously known as First Federal Lincoln.

Key Features of the New Housing Rescue Plan The government’s newest housing rescue effort, which was announced Friday, includes these key tenets:·As much as $14 billion of the Troubled Asset Relief Program (TARP) will be made available to pay for writing down second liens for loans whose borrowers refinance through the Federal Housing Administration.·Lenders that facilitate refinances through the FHA will be required to write down the principal of the first mortgage by at least 10 percent so the home owner has a loan-to-value ratio no higher than 97.75 percent.·Lenders of second liens will be offered incentives of 10 cents to 21 cents per dollar of principal they write down in connection with an FHA refinance.·Borrowers who lose their jobs can apply to have their mortgage payments reduced for three to six months while they search for a new job.·Borrowers with a payment still greater than 31 percent of income after they find a job will be considered for a permanent loan modification.·To encourage more short sales and “deed in lieu†of foreclosure transactions in which the lender settles the loan for less than is owed, the government will double assistance to borrowers to $3,000 and increase incentives to subordinate lien holders and investors to $6,000.

I am sure that everone has read (or heard) about the lawsuit that many states have joined about the health care issue.The main claim seems to be about the federal government requiring everyone to buy health care.If this were to succeed somehow, could we see lawsuits over the government requiring everyone to buy no-fault insurance?

I agree that Bush's popularity was very low when he left office, so what?

It is from the Federal Observer website.