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IPFS News Link • Housing

New Research on Homeowners Walking Away

06-27-2009 • CalculatedRiskblog.com

Homeowners start to default once their negative equity passes 10% of the home’s value. After that, they “walk away massively” after decreases of 15%. About 17% of households would default — even if they could pay the mortgage...

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Reported By Jack Gregson

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1 Comments in Response to New Research on Homeowners Walking Away

Comment by Lucky Red

Entered on: 6/28/2009 11:20:25 AM

You give the sheeple entirely too much credit

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New Research on Homeowners Walking Away

1 Comments in Response to New Research on Homeowners Walking Away

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