An owner is only underwater if they are trying to sell their property. If they are current in their payments then why bail them out...
Exactly. Maybe I did not explain well enough. The ones that ARE underwater,jobless, are getting NO HELP or assistance.
The program in which Obama is throwing out to MAKE IT LOOK like he IS SAVING all-TO APPEAL TO SOME LOST VOTERS- is only if you are FHA/FM/FM AND you are current on your mortgage.
They cannot nor will bail out jobless folks. Even he cannot make the monopoly money to do this. We are past the point of no return of spending.