Our new Indie Games subforum is now open for business in G&T. Go and check it out, you might land a code for a free game. If you're developing an indie game and want to post about it, follow these directions. If you don't, he'll break your legs! Hahaha! Seriously though.
Our rules have been updated and given their own forum. Go and look at them! They are nice, and there may be new ones that you didn't know about! Hooray for rules! Hooray for The System! Hooray for Conforming!
So, I made the mistake of looking at home valuations in my neighborhood, and apparently our home has lost 30% of its value since we bought it back in early 2006. After looking back at home sales during that time period, I'm fairly certain we were screwed by a combination of the builder, the appraiser, and ourselves (for not checking comps). This is all negative equity at this point, as we put nothing down on the house.
We're not planning to move anytime soon, but I'm wondering if there's something I can do to at least lower the payments a bit. I make more than enough to cover them, but my wife will most likely stop working soon so anything we could save on mortgage payments would help.
I guess I'm somewhat annoyed that people who defaulted will get principal/interest adjusted, but people like us who pay on time get nothing. Is there anything I can do by calling the mortgage company (Countrywide)? Interest rates are roughly the same now that they were then, and we already have a fixed rate. There's probably nothing I can do, but it sucks we could be paying several hundred dollars less a month right now D: