Favorites refers to a locations that is unavailable. It could be on a hard drive on this computer or on a network.
This error usually happens after a person acidentally moves the Favorites folder to another folder like Documents or Pictures. To fix this go to:
C:\users\%usesrname%\
*Replace %username% with the actualusername of the user who is having the issue.
Once you do find the folder “Favorites” right click it and select properties.
Click on the location tab. Then Click on the “Restore Default” button.
If you know where you acidently moved the favorites to move them back to the Favorites directory.
You will now be able to use your favorites in Internet Explorer.
This work exactly right but I think that you should also add the beginning steps such as;
Click “Computers”
Click “Users”
Select your Username
Scroll down to Favorites and right click on “properties”
Click on Location
THEN you use the instructions from above
Type C:\Users\yourname\favorites
Click on the location tab. Then Click on the “Restore Default” button.
Do you want to create a new file or something like that click “yes”
It want prompt another question click “yes”
Then click “apply” and close it out and then
WHOOP THERE IT IS!!!