OCCUPY WALL STREET

[JAGG]

Originally Posted by weatherboi

Most people in this country who are under water or are in foreclosure are so because of criminally over inflated market values, predatory mortgages and unethical credit card companies. All mostly directed by banks, mortgage companies, and their regulators. People were given the illusion that they were living within their means by people throwing misinformation in their faces about the state of our lands market values. I bought my house at peak market value in foreclosure. It is now worth less than that foreclosure price. That is under water and a bad investment on the banks part...not mine. I love my house but if I am overpaying for it what is the point??? The market may never bounce back to what it was. Many other fiscally responsible people have chosen to walk away because of this and I think about it too.

Sucks weathrboi. I know they are working on trying to set up some sort of lump sum rebate type thing, and maybe even a new loan for what the fair market value of your home actually is now. Some pretty powerful entities are involed in it too. So there is hope but congress and the senate would have to vote on it, so who knows. I'm sure you already know this, just in case you didn't.....