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Questions on Balloon Mortgages

What Is a Balloon Mortgage? How Does a Balloon Mortgage Differ From an ARM? What Are the Advantages and Disadvantages of Balloon Mortgages Relative to ARMs?
Can Borrowers Depend on the Lender's Commitment to Extend the Term of ("Roll-over") a Balloon Mortgage?
What Special Factors Should Be Considered in Deciding Whether to Pay Off a Balloon Mortgage Early?
What Market Need Might Be Filled by a Negative Amortization Balloon Mortgage?
Why Is It Safer to Finance a House in a Rapidly Appreciating Area With an ARM Than With a Balloon Mortgage?
What Are 15-Year Balloon Loans Used For?

What Can Borrowers Do When Their Underwater Balloon Mortgages Come Due?
MY QUESTION IS NOT HERE. I WOULD LIKE TO LEAVE IT FOR THE PROFESSOR

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