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Loan Modification

: Loan Modification & Home Loan News

Homeowners, Upside-Down on Home Loans, Just Walking Away

By Moe Bedard

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One-fourth of all homeowners now owe more than their house is worth. That’s 11 million Americans that are upside-down on their home loan. For many, the solution is simply to walk away. What was once a stigma is now a growing trend. It’s kind of like a backwards foreclosure, because of instead of the bank [...]

Full post as published by Loan Modification & Home Loan News on July 14, 2010 (boomark / email).

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