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Loan Modification

: Loan Modification & Home Loan News

Is it moral to walk away from your underwater mortgage and unforgiving lender

By Moe Bedard

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Real estate prices have dropped about 30 percent since their peak in 2006. As a result, something like ten million American homeowners owe the bank more than their houses are now worth. More than half of them are stuck with mortgages that are more than 20 percent higher than the value of their homes. They [...]

Full post as published by Loan Modification & Home Loan News on February 05, 2010 (boomark / email).

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