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Loan Modification

: Loan Modification & Home Loan News

New American Dream: Walk Away and Rent

By Moe Bedard

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“It’s just a better life. It really is,” says Ms. Richey. Before defaulting on her mortgage, she owed about $230,000 more than the home was worth. People’s increasing willingness to abandon their own piece of America illustrates a paradoxical change wrought by the housing bust: Even as it tarnishes the near-sacred image of home ownership, it might [...]

Full post as published by Loan Modification & Home Loan News on December 11, 2009 (boomark / email).

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