When the housing bubble popped, many americans went upside down but the mortgage companies got a bail out. It's been years now and I think the right thing to do is adjust the mortgages to current market value for anyone who purchased a home between 2004-2008. This would help reduce the number of homes on short sale and foreclosure. Additionally, people as myself who continue to pay their mortgages on time have no means of refinancing or other options to adjust to the decreasing home values. It is time for the mortgage companies to tighten their belts and make some sacrifices like the rest of us.
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