As I understand it, most that will walk away from their homes are upside down, meaning they owe more on the property than it is worth. That is also the reason t

As I understand it, most that will walk away from their homes are upside down, meaning they owe more on the property than it is worth. That is also the reason that they're unable to refinance. So the authors suggest that the bank lower the interest on the loan in exchange for equity which the homeowner has none of? Maybe this is intended for homeowners that don't owe more than their property is worth, but they are getting closer as housing prices go down. For homeowners than owe more than the property is worth, the debt should be renegotiated if the banks want to get any money out of them. http://www.youtube.com/watch?v=3pwAFohWBL4 http://www.youtube.com/watch?v=3pwAFohWBL4