Scott, prayers sent! Hang in there man.
I disagree with you about this country sucks! Show me a better one. What sucks is all the politicians that call themselves leaders have done nothing but line their own pockets! It's time for we the people to come together and take back OUR country.
A few members in my family is in the mortgage business, one of my sisters, a niece & nephew all have had trouble getting people into loans, even the govt. supported loans, it's too hard for almost anyone to qualify for now, no equity in there homes now either, even the people that have excellent credit, have issues getting mortgages now, I hear about it every time I talk to any of them... You can thank the Barney Frank/Dodd bill for that.
The mortgage companies aren't the problem. The government is. The Feds were the ones pushing the mortgage companies to make loans to people who couldn't afford them in the first place. Now we have the Feds making an effort to go in and tinker around with home mortgages again, which is going to cause even more problems. When will they learn good intentions usually lead to horrible business decisions?
BTW, just in case anyone is wondering, we are willing to continue the mortgage on our property at the original terms, and amounts. We love this place, and plan to be buried here. So the market value of it doesn't bother us. It IS worth less than we owe, but it is home for us, and extended family. Since I planned to die here, I never cared what it would sell for. I dont care what my home is worth till the day I sell it. And I aint sellin!