As Values Slide, More Weigh Walking Away From Mortgages

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9 votes

Posted By: G. F., about 2 years ago (Report Spam)
Category: Mortgage & Lending / Type: News
Source: nytimes.com

By June, about 5.1 million people will own a home whose value is below 75 percent of what is owed.

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At 04:56PM on February 03, 2010 - Will Barnard said...

No doubt!!

At 06:39PM on February 02, 2010 - G. F. said...

I found this paragraph to be so true. â€œWeâ€™re now at the point of maximum vulnerability,â€ said Sam Khater, a senior economist with First American CoreLogic, the firm that conducted the recent research. â€œPeopleâ€™s emotional attachment to their property is melting into the air.â€

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As Values Slide, More Weigh Walking Away From Mortgages

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