There's a lot of responsibility with becoming a homeowner. Two of the biggest are making your monthly mortgage payment and properly maintaining your property cutting the grass, raking the leaves, etc.
A lot of people seem to be finding this out and they don't like it.
One group is people who signed up for too-good-to-be-true mortgage terms that they are now finding, not surprisingly, turned out to be too good to be true. You've heard about them, now that the introductory period is over, principal has kicked in, variable rates have gone up, etc., making the monthly payment in some cases double what it was just two or three years ago. Probably a majority of those who bought into these schemes are now unable to make their payments and are finding themselves on the short end of foreclosure proceedings.
The other group, the one you don't hear much about, are the mortgage companies who concocted these schemes and pushed and in some cases mislead nave and unsuspecting consumers into taking on these unsustainable mortgage commitments.