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.
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Original post by renting2
This entry was posted on Monday, April 14th, 2008 at 4:37 pm and is filed under Housing. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback