Biggest Defaulters On Mortgages Are The Rich
-New York Times, July 8, 2010 – Though it is hard to prove, the CoreLogic data suggest that many of the well-to-do are purposely dumping their financially draining properties, just as they would any sour investment.
Battles In California Over Mortgages
-New York Times, June 22, 2o10 – As the housing market continues to sputter, the real estate industry is increasingly split on the responsibilities of overextended and foreclosed homeowners.
Foreclosures Shifting To Affluent Zip Codes
-San Francisco Chronicle, June 1, 2010 – Foreclosures are going upscale across the Bay Area. Nearly 1,000 homes valued above $730,000 were repossessed by banks in the nine-county region…
Owners Stop Paying Their Mortgages, And Stop Fretting
-New York Times, May 31, 2010 – The average borrower in foreclosure has been delinquent for 438 days before actually being evicted…
More homeowners are opting for ’strategic defaults’
-Los Angeles Times, March 17, 2010 – Underwater on their mortgages and angry at banks, more borrowers are choosing to hand over the keys, even if they can afford the payments…
Walk Away From Your Mortgage!
-New York Times Magazine, January 7, 2010
Professor Advises Underwater Homeowners To Walk Away From Mortgages
-Los Angeles Times, November 29, 2009
Walk Away or Stay? Online Mortgage Calculators Help Decide
-Wall Street Journal Blogs, March 31, 2009
Pay or Walk Away? New Calculator May Help You Decide
-San Francisco Chronicle Blogs, December 18, 2008
Are You an Idiot to Keep Paying Your Mortgage?
-San Francisco Chronicle, November 16, 2008
Work Out Problems With Lenders? Try To Find Them
-New York Times, July 20, 2008
Cut Size Of Mortgages, Fed Chief Urges Banks
-Los Angeles Times, March 05, 2008 — Saying banks must do more to stem rising foreclosures, Federal Reserve Chairman Ben S. Bernanke called on lenders Tuesday to go beyond trimming interest rates on some troubled mortgages by cutting the size of the loans as well. Unless bankers act quickly, Bernanke warned, a large number of homeowners could walk away from their mortgage debt…
Why Not Just Walk Away from a Home?
-NPR, February 13, 2008