[quote=AN]How can you live for free and be a mortgage slaves at the same time? Also, there’s nothing wrong with renting. Many of these people probably shouldn’t have been able to buy in the first place. So, there’s no change for them.[/quote]
Because they are living for free now, while the bank strings them along to an eventual outcome of short sale or REO that send them back to renting. The others may do a loan mod w/crazy terms and the remaining keep paying in the hopes they will see higher than peak prices soon. The latter two are the true mortgage slaves.
