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Loan Modification

: Mortgage Lender Implode-o-Meter

Luxury Homeowners in U.S. Use ?Short Sales? as Defaults Rise

By Implode-Explode Heavy Industries

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"Homeowners with mortgages of more than $1 million are defaulting at almost twice the U.S. rate and some are turning to so-called short sales to unload properties as stock-market losses and pay cuts squeeze wealthy borrowers."

Full post as published by Mortgage Lender Implode-o-Meter on December 17, 2009 (boomark / email).

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