[CobaltBlue]

The article is about the consequences of massive foreclosures due to massive default by the very same people you are urging to abandon their homes.

If they abandon the home, do you expect them to still pay the mortgage? Get real.

If the state takes over the property and turns it back into a wetland, then the property owner is entitled to just compensation pursuant to the Fifth Amendment to the United States Constitution, at fair market value.

The Baker Plan is to offer those same property owners 60 cents on the dollar now, cash money in hand, and the federal government takes over the property.

[sinkspur]

If the state takes over the property and turns it back into a wetland, then the property owner is entitled to just compensation pursuant to the Fifth Amendment to the United States Constitution, at fair market value.

What is the "fair market value" of a home in a neighborhood that will not be rebuilt?

It would be cheaper to just pay off what remains of the mortgages. Nobody is guaranteed a return on a home destroyed but with no insurance.

[armymarinedad]

If they abandon the home, do you expect them to still pay the mortgage? Get real.

Yes I do. I would. It's called honor.

[Howlin]

If they abandon the home, do you expect them to still pay the mortgage?

Then why do you expect ME to pay it?

[FreedomCalls]

the property owner is entitled to just compensation pursuant to the Fifth Amendment to the United States Constitution, at fair market value.

What's the "fair market value" of a destroyed pile of sticks and bricks on a plot of land located below sea level? It ain't what you think it is (that is the value of the home pre-Katrina).