Why Not Just Walk Away From a Home?


Subject:
Housing , Consumer Research & Advocacy , Mortgages , Credit , Home Buying & Financing

Description:
This February 2008 article discusses companies that suggest home owners voluntarily walk away from their mortgages, "engaging in a practice the mortgage industry calls 'ruthless default'" instead of going through the foreclosure process. Also describes alternatives to foreclosure or walking away that borrowers should consider. From National Public Radio (NPR).

Creator:
Weiner, Eric

Publisher:
National Public Radio (NPR)

Language:
English

Source:
http://www.npr.org/templates/story/story.php?storyId=18958049


PID= res:lii-25613