[Archangelsk]

Not if you don't have the capital to refinance. (Of course they could call DiTech and be screwed several different ways for the "no money down" refinance package).

[annyokie]

How can you have that kind of income, one child, a modest home and no capital? It sounds to me that they were living too large and got their *sses snapped like the auto workers in Detroit, or the farmers in Nebraska.

I never made that much money in my life and will never see bankruptcy or foreclosure. It's called financial planning and weather watching with the economic shifts of the past 20 years.