Relevant:
- Renting vs. owning: The difference is 'higher than at any time since the turn of the century'
- More Prime Foreclosures; More Re-Defaults
- The financial allure of renting; How the real estate industry silences the voice of one third of Americans; Homeownership back to 1998 levels
- Iowa loophole voids mortgage, gives couple 'a free house'
- The land of the permanent renter:Â More single family homes are now rentals with households moving less
2008-04-21 — housingdoom.com
"Instead of calling it a foreclosure, these couples are saying, ‘We’re giving it back to the bank,’ and then moving a couple of blocks away and renting a home for half their mortgage payment," he said. "These people are finding it easier to walk away."
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