So basically it is better for the bank to be stuck with a house they can't sell than to work with the owner and accept what they can afford until such time that their situation changes.

In other words greed is their motivationg factor. I will be out of a home, unable to provide a permanent address to any potential future employers and they will not hire someone with out a permanent address; therefore, once again the banks have driven yet another nail into the coffin of our economy.

So what is the point of trying?