[FrogMom]

I don’t think they seize the high mortgage - they chuck it.

They, in effect, steal the house from the bank holding the high mortgage and “sell” it back to the homeowner for the lower price, but now they (BOs cronies) own the mortgage.

[Cringing Negativism Network]

I am frankly SO sick of BO.

Hold the election tomorrow. We can argue about Palin and all the rest after the election, but BO needs to go.

Now.

[Alberta's Child]

If that's the case, then we can all assume that this sort of thing will never happen. There's no way in hell a bank would ever get screwed like this under this country's financial/legal system. I think the exact opposite is actually the case, based on what I've seen in some of the links posted here ... the bank gets paid out at the expense of the local taxpayers.