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Loan Modification

: Loan Modification & Home Loan News

Life of the Underwater Homeowner

By Moe Bedard

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There’s been some debate in academic circles lately about why more financially distraught homeowners don’t just pack up their belongings and walk away. The short list of reasons: moral shame, fear of credit repercussions, and social and governmental pressure, according to Brent T. White, an associate law professor at the University of Arizona and the [...]

Full post as published by Loan Modification & Home Loan News on December 16, 2009 (boomark / email).

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