Are You Ready For a "Cram-Down?"

Something has to be done to help home owners who have that lethal combination of being delinquent on their mortgage and upside down on the value of their home...and if something is done quickly the powers in Washington are offering their own solution...cram-downs! A Deutsche Bank report this week estimates that 26% of U.S. homeowners with mortgages are underwater (owe more than their homes are worth) and predicts that plummeting house prices will push the figure to 48% by 2011.