[Aquamarine]

, your house will be far less than you can imagine.

The housing market could go down over the next couple of years, if you stay put the market will recover one day. The best move would be to just ride it out.
If we allow our taxes go up they'll never come back down.

[TopoGigio]

Taxes are whats putting alot of these people over the edge on their mortgage payments...when your ARM adjusts 200bps and your payments jump up a few hundred dollars, Then your property tax check hits for a few hundred more, then you try to refi, but cant. The “credit crunch” makes matters worse when people cant obtain loans to try to bail themselves out.

Look...It makes me sick that OUR tax money would have to go towards bailing out people who should have never been given loans in the first place....however, If the Govt. does not get involved, we risk property values dropping like dominoes...Bankruptcy's would quadruple...everyone would feel it.

Especially states like Ohio, Michigan, Indiana, Vegas, parts of Florida, parts of Cali, and hundreds of other city's. The collateral damage will be felt by EVERYONE!...including most other country's.

Its bail out time in my opinion...address these ARM’s now before its to late.