I see no reason to panic. They should take out a loan on the equity to tide them selves through the rough patch
I know you are being sarcastic (right?). But the real truth of the matter is that credit is being tightened. Banker's lending standards are being more strict which means it is going to be tough to bail homeowners out of the hole they dug...
Um, the reason theres a problem is because the equity is no longer there. In many cases the property is worth less than
the note, ergo the reason why people are walking away.