Dec 3rd 2012 12:25PM
By Mitchell D. Weiss If you're one of the 28 percent of U.S. homeowners with a mortgage that's higher than your house is currently worth, is it time to toss the keys to your lender and walk away? According to Zillow's third quarter Negative Equity Report, some 14 million people combine to owe an estimated $1 trillion... Continue Reading »
Oct 8th 2012 2:30PM
After years of economic turmoil faced by millions of Americans, a large number of consumers now have new attitudes toward the kinds of financial missteps that can land borrowers in credit trouble, including strategic defaults. A sizable amount of Americans now consider it socially acceptable to have a low credit score or... Continue Reading »
Jul 31st 2012 5:00PM
Few topics have sparked more debate among housing market watchers than mortgage principal reduction. Its proponents tout debt forgiveness as one of the surest ways to counteract the housing slump. Its critics label it a handout that would cost taxpayers and spur further defaults. The arguments for and against are only... Continue Reading »
Mar 9th 2012 1:45PM
While there may be signs that the housing market is mounting a comeback, homeowners hit hardest by the real estate meltdown aren't growing any more patient, a new poll suggests. An online poll conducted by real estate website HousingPredictor found that nearly half of of those who responded said that they would walk away... Continue Reading »
Feb 23rd 2012 10:20AM
By Jessica Dickler, CNNMoney NEW YORK -- Five years after the housing bubble burst, America's wealthiest families are now losing their homes to foreclosure at a faster rate than the rest of the country -- and many of them are doing so voluntarily. Over 36,000 homes valued at $1 million or more were foreclosed on -- or at... Continue Reading »
