Pickle Real Estate

Reading Between the Head-Lines

strategic default driven by future home prices, default costs

strategic default driven by future home prices, default costs
2010-10-20 — thetruthaboutmortgage.com

“Borrowers thinking about walking away from their homes voluntarily don’t necessarily give up because the mortgage balance exceeds the value of their homes, according to an Economic Letter titled “Underwater Mortgages,” from the Federal Reserve Bank of San Francisco.”

original article

 

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October 21, 2010 - Posted by | Lending, Stats

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