[org.whodat]

Consequently, according to Bernanke, principal reductions that restore some equity for the homeowner may be a relatively more effective means of avoiding delinquency and foreclosure. In other words, adjust the mortgage principal downward to reflect the declining home value.

BS, let them sue their real estate brokers and appraisers if they were lied to. Otherwise suck it up.

[Hoosier-Daddy]

Somebody better figure something out. It ridiculously difficult to get a short sale thru, subsequently there will be lots of foreclosed properties applying even more pressure to drive prices down. Plus, the lenders for purchases are getting to be as tight as a bull’s a$$ in fly time.