This is a tough market and *all* professions are hurting.Not certain how familiar you are with Short Sales, however keep in mind they will impact your credit negatively.

However, most banks will not underwrite a loan with a gas tank because of precisely the environmental risk involved with the property.

I'll say it again, if you truly believe this is inevitable and you understand the economic impact of your scenario, you'd be selling all of your real estate right now...so, either you don't believe what you're saying or you don't understand the ramifications of what you're saying...I'm willing to bet on which one it is...

Obviously much of the impact will be driven by the specific market.For instance, many urban markets provide a great deal of assistance to first time home buyers through grants or low interest loans.With that being said, it is hard to ignore the impact of those buyers who bought prior to the expiration of the tax credit (cannibalization).

My point is, that there are alternative workouts that have not been done in the recent past that are starting to show up and such alternatives will probably have an impact on the big picture.

There is an environmental problem (which can be fixed, just costs $ b/c need an attorney), and new roof (20-30K) and other small work (drywall, etc).

I'm not kidding, this is a real commercial sent to me for a home builder in Japan talking about how environmentally friendly they are....and it was a famously successful commercial there.

And unfortunately, most the unfit parents in this country are too stupid to consider the fact that they won't be able to provide for their kids...and therefore threat of no welfare won't have as great of of impact as any of us would like.

Rush's claim was in regards to Ms Jackson, not the EPA in general. even to her own admission, when she got there...May 1st: "Environmental Protection Agency Administrator Lisa P.

Hiding information about your B-C deal when it would impact the lender's decision has always been frowned upon,and not just by Freddie Mac.