I think Obama's intent is to restore confidence and create incentives among banks to lend money for homeownership and try to stop the freefall in housing values by stabilizing communities through incentivizing refinancing at lower rates of interest and lower monthly payments.

Jon, you are right about not waiting, I plan on contacting my LL right away to find out what his intentions are and how my deposit looks. i am in Los Angeles, CA.

Obama said the other day that he has no intention of nationalizing banks.

Now many of them are stuck with properties that they never had any intentions of maintaining.Thanks for the feedback and continued success if that is what you have.SUCCESS BREEDS SUCCESS

No one can predict this market & im not sure purchase with the intent to build later would be a good idea since parcels of land tend to sit on the market for long periods of time.

i agree with jon....my 'lot of house' comment was from personal experience.you are on the right path for the 3/2/2. my first property i bought, we purchased because it was good for us AT THE TIME. didn't look longterm. don't get me wrong, its a nice 2/2 with a loft, but the layout and area isn't the best.now i will only buy a primary based on jon's advice of buying a house 'you're willing to die in'. ofcourse, we hope that won't be the case though.....you look like a nice murderous clown from your photo, i hope you lead a long, long life.ALSO, if you have any intention on not dying in this house, be sure to make it not too personal. your last comment of it being built the way you want may not mean what someone else wants. if you are planning to not live in the house forever, think about neutral 'stuff'. stay away from the pink jacuzzi tub (of which the house i purchased last year had) and the crazy colored roof. ofcourse, anything can be replaced...just a thought

Simple eye contact can go a long way in dissuading malicious intent.

They do not appear to have any intention of going after them for the remainder of the balance.Also, MD does not have redemption rights as far as I can tell, so that's not an option either.I guess we will just have to be patient a little while longer and hope they come to their senses!

I have smoked weed once as a young man (15) am now 27 and have no intention of ever trying it again, however I would support legislation to legalize it if it was regulated by strong standards, We can't keep spending billions of dollals fighting a drug the just gets more popular with each generation.

Norm,What are your intentions for this property?