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

And it's not just B of A. I live in the metro Phoenix area and have a mortgage with ASC Mortgage. I have an option arm and a second. I have never missed or been late on a payment and in fact, I pay extra every month. I bought my house in Oct 2005 and it's underwater. I imagine it will be for a while at least. I would LOVE to change to a fixed rate while the fixed rates are even lower than my arm rate is right now. In 9 months, my 5 year initial period will be over and my mortgage will probably change quite a bit. However, because I'm NOT behind, and added to that I have a second mortgage, I am completely ineligible to refinance. It's quite depressing. Sometimes I wish that my moral hang-ups to defaulting weren't so strong. ...