841942--3/28/2008--NTS_MORTGAGE_INCOME_FUND

related topics
{regulation, change, law}
{capital, credit, financial}
{cost, contract, operation}
{financial, litigation, operation}
{cost, operation, labor}
{stock, price, operating}
{condition, economic, financial}
{competitive, industry, competition}
{loan, real, estate}
{acquisition, growth, future}
Our industry is highly competitive and, if competitors are more successful, our business could decline. If the market value of our land drops significantly, our profits could decrease. Government regulations and legal challenges may delay the start or completion of our communities, increase our expenses or limit our homebuilding activities, which could have a negative impact on our operations. Increases in taxes or government fees could increase our costs, and adverse changes in tax laws could reduce customer demand for our homesites. Adverse weather conditions and conditions in nature beyond our control could disrupt the development of our communities, which could harm our sales and earnings. If we experience shortages of labor and supplies or other circumstances beyond our control, there could be delays or increased costs in developing our communities, which could adversely affect our operating results. If we are not able to obtain suitable financing, our business may decline. If our potential customers are not able to obtain suitable financing, our business may decline. Our business is seasonal in nature, so our quarterly operating results fluctuate. Changes in tax laws or the interpretation of tax laws may negatively affect our operating results. Our cash flows and results of operations could be adversely affected if legal claims are brought against us and are not resolved in our favor.

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