Cry me a river. If you can’t afford it sell it. And don’t expect taxpayers to bail you out.
You just don’t get it do you?
Those that are “trapped” are those who are continuing to pay their mortgages but cannot sell or refinance or move because of the “value” of their house as compared to their loan balance.
The taxpayers have ALREADY bailed out all the scum...they got all the bennies offered up in the past few years to refinance if they were covered by FM or Freddie Mac...the rest are stuck.
Yes, but we've already established that the taxpayers will bail out the company that holds your mortgage. Please feel free to take that into account when making your decision.