How about a solution-oriented discussion ...
I was looking at a slightly changed way of posting. For example ...
The worst thing that can happen is for someone who has just bought a home in the last 3-5 years (most likely) - where the substantial bulk of payment will go to paying interest and very little of the payment goes to reducing principal amount - and happens to lose the means of paying EMI for, say, 6 - 12 months (don't think its too extreme a case since I know of a very experienced IBM'er who went jobless for a considerable period after the 2000 slump), what are the possible courses of action for them?
Open ended case which can be filled in by the various bankers, lawyers and other experienced people who can suggest ways and means for people to get out of such situations meaningfully without losing their shirts.
cheers
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