I was rather disappointed with the tone of the article "Oakdale couple trapped in a cycle of stress." I began to lose sympathy for them as I found out that these folks had taken out multiple mortgages over the last several years.
Though I know that their financial situation is really none of my business, there are two questions I would like to ask the Salbecks:
First, why would you put yourself in such tremendous debt against a piece property whose value was grossly overinflated? And second, what happened to all that cash?
I an not one to relish other folks' pain, but it seems to me that this couple's situation may explain much of the financial disaster that our nation is caught in -- unsound borrowing and lending practices based on speculation and greed.
I really do hope the Salbecks can find a solution to keep their home, but no one forced a gun to their heads when they signed for those second and third mortgages. And while they may appear as heartless institutions to the struggling homeowners, banks and lending institutions are businesses and not charities.