01-17-2009, 07:33 AM
I bought a house in Hawaiian Paradise Park in 2005. Buying that house has become the biggest mistake of my life. It is now worth about 50% less than what I paid for it. (with no bottom or way out in sight) With more economic problems to come, It is possible that it may be 20 years before it returns to its 2005 value. I can't be the only person with a total boat anchor house in Hawaii. Other than walking away from the house, I was wondering what other people are doing to cope with years of huge (relative to property value) mortgage payments. Any people here with loan modification experience? I really need help...