[Radioactive]

The bank didn't sell you a house, they loaned you money to buy a house.

Its not there fault the house you bought is worth less than you paid for it.

If you went and bought a new car and took out a loan, drove it off the lot you
would be upside down on that too. I don't here too many people buying a new car
and driving it for a 6 months and then walking away, saying it is not worth what the loan amount is. You signed the loan docs saying you would pay said amount.

The banks problem is they loaned money to people that can't pay it back and didn't take enough collateral for the loan. The banks are losing billions on this and they should. But the people that can pay what they signed up for should or there should be some stiff penalties.

Maybe the banks should go to all the people that are upside down like the OP and ask for more collateral.