The wife lost her job and couldnt find employment in her industry. It wasnt voluntary or by choice. Its easy to look at these one by one and say the lenders should have acted differently but they had thousands if not millions to deal with. They couldnt absorb the losses that quickly nor were they set up to deal with loss mitigation on that many this quickly be it loan mod, short sale, deed in lieu, foreclosure etc.
Its obvious to all of us that the lenders did this to themselves. No one is contesting that point. Its now a matter of getting through it all in manner that works best from a macro perspective not a micro one.
