See the interview below from the folks over at Yahoo Tech Ticker. The researcher in the interview has anecdotal evidence that up to 25% of people foreclosing still have the ability to pay their mortgage but walk away anyway because the values of the home has dropped so much. He proposes a standardized solution to this problem as well. It is an interesting discussions at the very least.
Comments Off on An interesting interview about “walking away” from an underwater mortgage Posted by G.R.A. Admin on Tuesday, July 21st, 2009