Minggu, 22 November 2009

Law Professor Says "Homeowners Should Be Walking Away In Droves" From Underwater Mortgages

A law professor is mystified by people who continue paying on "underwater mortgages," where the value of the home is less than what is owed.  And who is most likely to walk away?  20-Somethings.

 Brent T. White is an associate professor of law at the University of Arizona (a state decimated by foreclosures and plummeting property values).  He's written a paper titled "Underwater and Not Walking

Tidak ada komentar:

Posting Komentar