Posts with tag WalkingAwayFromMortgages

It's not just homeowners walking away from underwater homes -- so are banks and their mortgage servicers. Unfortunately for some neighborhoods, the mortgage servicers are abandoning the homes after many of the homeowners have been booted out and the home has sat vacant for months on end, according to a new study by... Continue Reading »

The growing popularity of strategic default can't be denied. Forty-eight percent of homeowners surveyed say they would consider a strategic default -- also known as walking away -- if their home were underwater, in the latest research done for RealtyTrac and Trulia. That's up from 41 percent in May. Yet the banks still... Continue Reading »