Wednesday, November 11, 2015

Housing Forecast: Strategic default paid off as defaulters repurchased at lower prices

Many borrowers chose not to struggle with onerous house payments early in the housing bust and strategically defaulted. Most of these borrowers recognized their payments were greater than the cost of a comparable rental, and with falling prices, there was no return for this added investment. The...
Strategic default paid off as defaulters repurchased at lower prices




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