Underwater Homes and Upside-Down Mortgages

In addition to the lack of value in her home, Mary is also running into problems with it. Although the house is under full warranty, she is facing many expensive mechanical defects in the house, such as bad wires, an outdated roof, and a questionable furnace. Next she discovers mold. The developer who built the home fixed the mold problem once, but he has since gone out of business and filed for bankruptcy. The repairs required to make her home livable add up to make it an overwhelming burden....