[Poser]

They opted for an interest-only, adjustable-rate mortgage and counted on the value of their house continuing to rise as a way to build up equity. ...

So... Some morons buy a house they can't afford with an adjustable, interest-only loan and now they are whining? A fool and his money are soon parted.

[goldstategop]

Its a gamble. They counted on the equity increasing forever. And then reality sets in - the house is nowhere near the overpriced value it listed when the market was hot.

"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." -Manuel II Paleologus