Avatar Posted by Chuaverycool 714 days ago - Average Rating: 5 with 1 vote(s) (http://knol.google.com)
Category: Food and Drinks | Tags: home foreclosures real estate
A recent research report from the University of Chicago’s Booth School of Business and Northwestern University’s Kellogg School of Management reports that of the large number of mortgage defaults across the country, 26% were what they call strategic. This report defines strategic as one in which the mortgage default was a calculated, done by homeowners who have the money to make the payments. The owners decided that the homes negative equity position indicates to them it would be economically wiser to let the property go back to the lender. READ THE FULL ARTICLE THRU THE LINK BELOW:
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