According to this New York Times article: (Click here to read), the following is taking place: More than one in seven homeowners with loans in excess of a million dollars are seriously delinquent, according to data compiled for The New York Times by the real estate analytics firm CoreLogic. The article goes on to say… Continue reading By Percentage, The Rich Are Now The Number 1 Mortgage Defaulters
Tag: strategic defaulters
Loss of Honor, Walking Away From Your Mortgage
I’ve had this title “Loss of Honor, Walking Away From Your Mortgage” stored in draft mode for over a month. I hesitated in writing it because I was torn between how the government was treating us (practically giving money way to first time home buyers) and that fact that to walk away from your mortgage… Continue reading Loss of Honor, Walking Away From Your Mortgage
Walking Away From Debt
Rich defaulting on their mortgages I read an interesting article on msn.com today (Click Here for the msn article) about the rich walking away from their mortgages. Some are even double dipping, they stop paying on their mortgage and if they have a line of credit, sometimes they pull all of that money out too. The msn article… Continue reading Walking Away From Debt