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Loan Modification

: Loan Modification & Home Loan News

Foreclosure double standard: Why the rich get away with defaulting

By Moe Bedard

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In general, ?homeowners? of modest means who walk away from their housing debt are viewed as dead beats while the wealthy that do the same are presumed to be making a good financial decision. In this way, a person?s prior economic status appears to influence the way others judge their actions and ultimately likely contributes [...]

Full post as published by Loan Modification & Home Loan News on July 12, 2010 (boomark / email).

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