Originally posted by Shannon Walton:What many of us buyers are finding out, is the workmanship was very poor during the stages of rehabbing.As a group, find out what the agreement was with the local government, and determine if the builder is fulfilling his contract with the city/county.

It was stated on the clerks site that the only liens that survive after the auction are government liens and IRS liens.

It wasn't big news and still is unheard of today for one reason: no government involvement.

I feel it hurts my credibility.

(Although, you will probably have a pretty pissed off seller and will have definitely damaged your credibility a bit.

Also, my realtor is going to be irritated therefore less credibility for me.

Here is part of the Declaration of Independence, which, by the way, is NOT law.We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness. — That to secure these rights, Governments are instituted among Men, deriving their just powers from the consent of the governed, — That whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to effect their Safety and Happiness.

In fiscal 2008, the government insured about 6,700 of the 203(k) loans.

We all know one must establish some credibility first, then the opportunity for trust can grow around that.

An example of such a fundamental change would be the government no longer allowing a the tax deduction on interest or no longer allowing depreciation.