Dear Bank of America, I'd Like to Schedule a Default

What the author describes as his situation is probably a good portion of the defaults that these lenders are dealing with. The author indicates that he has multiple income streams, owns numerous real estate investments, a good FICO score and because he chose to take a chance and remove equity from his home, it is BOA's (or insert name of any lender here)job to fix it for him. The author, I am sure, understood the risks in chosing the financing he did. He created his situation, but expects someone else to fix it for him. This is what is wrong with our society - we have lost our moral compass. The right thing to do in the author's situation is to pay his debt back under the terms that he agreed to.