We hear you......and yes there is something seriously wrong with rewarding individuals for not being responsible while not recognizing those that are honoring their committments.

You are not alone with this concern and we would expect to hear more people making this point in the near future.

Dear Concerned,
I feel like you do. I bought a small home in Hot Springs Village and took out a small loan for just ten years. My wife and I paid the loan off in only five years. Now we see where those that bought "too much house" at "too high a price" are Bailing Out (no pun intended) on their obligations to the lenders.
Althought it does not seem fair to you or me, we do have our DIGNITY and SELF RESPECT, and that is more than I can say for those lenders and borrowers that are burdened with problems.
Hang in there and keep the faith!
John

I would be more concerned with your credit scores, than worrying about anything else. If you lender goes "belly up" another lender will buy out the loans at a discounted rate. Thus the richer get richer during slow period find deals. People are truly not receiving all kinds of deals potential foreclosures home owner has signed a note lenders held responsible, trash credit, lenders work trying to structure a loan works for both parties. GREAT QUESTION !