I think we’re long past the point of entitlement being an issue. As we’ve seen, the system is set up to cater to the least responsible people in society (which they aren’t). And as far as a market-based approach is concerned, her husband, a computer software designer, should be able to find another well paying job soon. I know that banks aren’t really excited about getting any new inventory that they’ll have to later unload. So, while I’m no expert, it seems like she might have a good chance on getting a loan modification. I’m wondering what sd and SD’s (realtors) opinions are on this, since I’m sure they see it everyday.
