While I can’t condone those people that used their home as an ATM and now are defaulting… There are a group of people out there that just bought at a badtime and now are underwriter. Every day on the news they hear about the billion $+ bailouts the banks were given and how the companies are paying out huge bonuses meanwhile they sit on underwater mortgages. I can’t blame them for walking away… This problem is going to get bigger and bigger I think.