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From the LA Times, at http://www.latimes.com/classified/realestate/news/la-fi-harney20-2009sep20,0,2560658.story : ” A study shows that people who abruptly and intentionally abandon their mortgages often have high credit scores, in stark contrast with most financially distressed borrowers.” “Research using a massive sample of 24 million individual credit files has found that homeowners with high scores when they [...] Mark Hanson has an interesting article about what exactly can be defined as “Negative Equity”? http://mhanson.com/blog It is a very important question, as the answer determines how upwardly mobile the home-owning population really is. “If homeowners can’t sell for enough to pay a Realtor 6%, extract the down on the new property, and pay for moving [...] |
Joe Warth, President & Broker HomeBuyerPower, Ltd. |
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