As you know every situation is different and I am not sure if I am down with buying it again really its a restructure to debt you already agreed to repay. It is not entirely the banks fault that the market imploded. We can thank many factors but the root of this is even beyond their scope.

Bottom line is if you agree to pay something do all you can to do so. If another is willing to help dont look a gift horse in the mouth.

Hi Fernando.  I am all for the existing mortgage having today's low interest rates.  I strongly disagree with principal reduction.

Good morning Fernando I like the photo of your analogy but sir it is true however hordes of people got into that little room everyday

I love the picture!! It is so cool.  Gosh wish I could use it without being called a copy name!!! smile

I'd like to see this years long problem go away (somehow).  I believe that principal reduction, lower interest rates and any problem that will help get the market back on track should be considered.