Linda -- We're gng to look in the Far N. Dls area.  We've lived here in this area since the week after we got married nearly 23 yrs ago.  It will be N. Dls (cd be N of LBJ or even a little bit S of LBJ) or a little North like NW Plano.  But we won't go south like Desoto or Waxahachie, that's too far south for us.  We're North Dls people and everything we do is in this area.   

..and SNL is right.

Sorry annette..I'll try to be a kinder, gentler west coast kind o' guy. Do you intend to continue with the stand-up routine?

Toni, can you think of a warmer or more secure spot?? 

Sandy Joe, doesn't that make your property taxes go sky-high....the higher than usual appraisals...unless you dispute them each year?  SNL, good luck on the house hunting!  Sandy McM....you're too funny....mascara in your bra....does that work?

I always hear about taxpayers picking up the loss on failures of this type. But, I've never figured out how. I know politicians and the press say it, but how does flow through to the taxpayer. It would seem that the PMI folks would take a loss on whatever they didn't recover from a foreclosure sale.  The FDIC only insures bank deposits(in a failure), but even they run on funds paid to them by banks, as does the OCC. The term "gov't bailout" sounds like taxpayer money, but it's a pretty broad term that usually means a gov't loan or guarantee is made. (I only ask this because it's late in the day and I'm bored again...you know how I get).

SNL, the house next door is for sale. It's a white elephant, mortgage scam bought from Drees and sold 3 times. Another in Woodhaven was bought by a lady from Calif. Paid $440,000 and had it appraised for $850,000. They paid off the appraiser, mort. co., and agent. This lady owns 200 of these houses. It is in foreclosure, and taxpayers will pick up the loss.

Yes Toni, we've been out of our house for 6 yrs ( was only going to be 2 to 3 yrs) and we've now decided we are going to stay in the local area.  Yes, we originally had "other plans" but then funny thing happened . . .  LIFE!!  So we're gng to Plan B, or maybe it's Plan C or D, but yes we're going to get back into a house again.  Like you said, there are some real good bargains out here & they get better each month!