Tag Archives: foreclosure

“Just walk away… and walk right back.” Strategic modifers emerge?

by Hans Eisenbeis WHAT’S HAPPENING They came to be called “strategic defaulters”:  US homeowners who could afford to make mortgage payments but chose not to because their homes were deeply underwater. They simply walked away from those homes, mailed the keys, and took the hit to their credit scores. Now analysts say there may be […]

Who walks away from an underwater mortgage?

by Hans Eisenbeis WHAT’S HAPPENING A June 2009 academic study from the University of Chicago looks very closely at the factors which influence some Americans with negative equity to walk away from their homes, even if they could afford to continue making mortgage payments. The mathematical tipping point: The researchers found that homeowners whose negative […]

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