From our friend Nick at the WSJ: At what point do borrowers who owe more than their homes are worth decide to stop paying the mortgage? A new study from economists at the Federal Reserve Board aims to answer that question. The research found that the median borrower...
From the latimes.com - click here for full article: Wynn Bloch has always dutifully paid her bills and socked away money for retirement. But in December she defaulted on the mortgage on her Palm Desert home, even though she could afford the payments. Bloch paid...
Hat tip to Chris for sending this along: LINK TO ACTUAL CRAIGSLIST AD
I could see this in Palmdale, or maybe Victorville.......but could it happen here? An update on Flint, MI: http://www.washingtonpost.com/wp-dyn/content/article/2009/06/20/AR2009062000956.html An excerpt: Then he looks at what's left of the neighborhood - blocks lined...
