The relisted it as a homepath (with Fannie financing) and NOT require an appraisal.Found this article: http://activerain.com/blogsview/3589527/government-controlled-nationwide-real-estate-price-fixing-is-here

I finally found an attorney in DC working for the federal government, who told me that he was in charge of interpreting that part of the law.

Chris Cox I appraise multifamily, industrial, retail, office, land, and special purpose properties for lenders, attorneys, government entities, etc.

If the property is not redeemed during thestatutory period of redemption, the government will provide a marketable titleto the purchaser....."

In both cases it was a balanfe sheet recession in the private sector, this required the federal government of each country to fill the void or watch the economy rapidly decline as the private sector could not sustain itself.

Dictatorship is the best form of government when it comes to construction.

We have exceptionally low interest rates because the government is pumping money into the system.

I am not denying that some are more fortunate than others, or have gotten "breaks" along the way, and that some are just dealt a bad hand by a factory closing or whatever, there is a place for government assisstance in some situations, but there is also a place for families to overcome adversity, and take hold of thier God given right to succeed.

Federal Pacific and Zinsco are no longer made, but I think Zinsco might have been bought by Sylvania, then maybe GE.I've never had either of the above fail.Even though neither are not made the US Government could still recall the product if the Consumer Product Safety deemed them hazardous.

The government does not pay the interest - there is no guarantee.As Ned said "due diligence" (a fancy phrase meaning do research on the property) is very important in tax lien investing.