Well the election has come and gone and we are still in a pickle as far as the housing crisis is conserned. I hope that the new adminstration will see the positive side of getting an appraisal of a home that is about to go into foreclosure and re-finance the home with a FHA guaranteed loan, then adsorbe the difference. This is a much better sequence of events than letting the home go into foreclosure, evict the owners, sell the home at the court house door to a home flipper, and have the original family now as renters. The time and cost of the process is much less letting the homeowner stay in the home. The one provision is that if this write down did take place if the home was sold at some time in the future the government would get the increase in price up to the level of the forgiven loan amount. A program much like this is in place now to help challanged buyers to afford a home, in the form of a reduced interest rate that is payable when the home is sold and a profit is realized over the what is owed on the home.