Foreclosure Stat

Posted on April 29, 2010. Filed under: Industry News | Tags: , |


So how many mortgage defaults are self imposed rather than ongoing hardship? It is not surprising that for specific scenarios people walking away from homes because they are underwater with only long-term prospects for regaining the upperhand.   Most buy homes as a long-term investment.  If that investment is, for example, 100k underwater homeowners simply decide to cut their losses and rent for three to five years until their credit has recovered sufficiently to buy another.   So then, what is the percentage? Look here http://tinyurl.com/24re539

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