We, the borrowers, did not create this housing mass; the banks, brokers and the real estate agents did create it.
Your next-door neighbors, who just recently moved in the same size and style house as yours, only pay half of what you have been paying per month. >>>Talk to your lender first. Fill out home loan modification document and send it to them. They will reduce your interest and payment significantly. If they denied your applications, then STOP playing. During the process you will be able to live in your home for at least 8 months for FREE and submit more applications until you get the help. How much do you save during that time? If they tell you to move out just keep staying and save money and tell them that you have been asking for help. More likely they will help you reduce your monthly payments at least 1/4. Some even stay in their homes for over 3 years for free and save the money for down payment on next home.