Do i need to be wary of houses that have been on the market for 2+ years and have dropped the asking price by 40+ % in that 2 year time period?

I would not drop what is in the initial fund, but if she has no interest in learning about investing, the lifecycle funds are a fair option as an alternative.

@Sami Gren call a new lender and see if they can match or beat your current rate, they might as interest rates have dropped recently, don't give yourself an artificial deadline to "keep your rate"  It takes as long as it takes to get the results and if they come back with contamination it can be very expensive to clean up.

True, but my guess is that he's not going to be able to sell it to someone else either without a decent price drop.

I’ve read in other forms about the security deposit idea, which is great, but that’s only if it lasts one month or less...While the news keeps changing every hour, it seems that the US will be sending every American $2,000 and will allocate about $300B for small businesses.

@Jeremy PearsonFirst, the bad news.

Thats great news to me!

Some are talking about coming back into the market strong in 3-6 months, when they think the market drops.

The good news out of all of this……I learned an important lesson.

The news story said HUD is suspending evictions and foreclosures - no info on private party restrictions.