Relevant:
- Economists and Homeowners Agree: Strategic Defaults Are Poor Option for Underwater Homeowners
- More homeowners choose to default on loans
- Owners' 'strategic defaults' on mortgages depend largely on how far underwater they are
- More Details Are Pending, but First Some Answers
- Obama Finds No Easy Way To Buoy U.S. Homeowners Deep Underwater
2009-07-13 — latimes.com
" A study finds that 26% of the defaults across the country are calculated economic decisions to bail out of loans by borrowers who could afford to make the monthly payments."
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Comments:
catherine at 00:54 2009-07-14 said:
as the government sends more and more of our hard earned tax money to the dead banks and investment companies (hear me Goldman) instead of job creation walking will be the smart thing to do. Taxes are going to blow, insurance is broke so it will double and with cap and trade so will your energy costs. THE SMART THING TO DO WILL BE TO DROP THAT COSTLY INVESTMENT AND BUY THE SAME HOUSE FOR HALF THE PRICE DOWN THE STREET......... the banks are walking away from their foreclosures now that they have OUR FREE TAX DOLLARS WHY WOULDN'T THE CITIZEN DO THE SAME THING SAD SAD BUT TRUE Permalinkasaucy12 at 01:19 2009-07-14 said:
And the servicers will not even speak to these people!!!!!!!!!!!! They would rather do a short sale/foreclose and ruin the borrowers credit than do a MEANINGFUL modification with a reduced principal balance. Permalinkadd a comment | go to forum thread
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