Florida Homeowners Walking Away From Underwater Mortgages
SOURCE: DIGG • 2009-10-26
TOPICS:
Mortgage • Finance • Real Estate • Real Property Law • Credit • Foreclosure • Default • Business_finance
[199 diggs @ Business & Finance] Many South Florida homeowners who can afford to make their mortgage payments are choosing not to, forcing the lender to foreclose. It's called strategic default. Andres Duque thought he got a real steal when he paid $125,000 for his Little Haiti c...
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