Just refinance the loans....

O.k. here's the rub: People get credit cards, get in trouble and then can negotiate lower rates through one of these credit counseling services. So, while I hope sub-prime mortgages are gone, rather than a foreclosure, why not negotiate a new loan??? This is only with people whom show readiness to work hard on the new deal. But if the old loan was so ridiculous that there is NO WAY, then maybe a person trying their best deserves a second chance.