MSN: Homeowners who just walk away
MSN: Homeowners who just walk away “Federal Reserve Chairman Ben Bernanke recently estimated that about 45% of foreclosures in 2007 were on private, near-prime or government-backed mortgages. And that means plenty of people who thought they were fine are facing catastrophe, never expecting that their homes would be worth less than the purchase price.”
These are probably the true victims here. I don’t see any bail out for these people though! Obviously no rich friends in high places.
House Price Bookmark
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Original post by renting2
