This is the most ridiculous article I have ever read.   Once a home has gone into foreclosure, what about the property values of the rest of the neighborhood?   Down the drain.  My subdivision values are now half of what they were when brand new.

What about all the people that are upside down in their homes and want to stay in them,  and don't want to become a walk-away or foreclosure statistic.    I can't refinance to take advantage of the lower rate because my house is worth half of what I paid for it.

Pontiac had the best looking cars.    They should have dropped Buick instead.    I had been a "Pontiac" person prior to my Subaru, however, I would NEVER rush to buy a Ford.  Ugh.   I would like to buy a Pontiac, but not when it's going to go away.