It sounds like now is the time to go buy a new house then refuse to make the payments until you get part of the principle written down and better refinancing terms.
Obama AND THE BANKS are desperate to prop up values.
The shadow inventory is being sold for 25-40% of original sale price.
KEEP IN MIND THE DC AREA’S HOME PRICES HAVE NOT BEEN AFFECTED BY THE RECESSION. The place where politicians have second homes have not been hurt so they do not see American.