[JSteff]

A related tangent concerning FHA foreclosures. There will be a 2 day auction on difficult to move FHA properties (current foreclosures) at the end of this month.

Might be a way to get in on some bargain properties for all you aspiring investors. Watch for the news in the next few weeks.

[FITZ]

This should help the rate of foreclosures increase. Basically the government is helping them have a house instead of renting ---- but they won't have anymore into the house than they would have put into a rental --- and foreclosure won't be seen as a loss ---- many people desperately avoid foreclosure just because that down payment they made keeps them hanging on.