One ticking bomb awaiting mortgage holders is not covered by the DemSM. Think of the anagram PITI (Principal Interest Taxes Insurance)

Judges, banks, whoever may be able to rework principal and interest, maybe even insurance to terms easier for the homeowner or commercial property owner, but TAXES are usually paid to localities through the mortgage payments. Taxes cannot be reworked by the judges and with the growing hunger for funds and deficits faced by municipalities, property taxes are sure to rise in frightful ways.

Homeowners capable of paying the current principal, interest, and insurance portion of their mortgages may be faced with tax foreclosures. I see this as a growing threat that the tax loving DemSM will undercover until the smoke is unmistakably a conflagration.