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Real Estate & Property Law

: The Home Equity Theft Reporter

CBS' 60 Minutes On Underwater Homeowners & Strategic Defaults

By r morris

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eCreditDaily reports:60 Minutes [last night] put the national spotlight on strategic defaults, or homeowners walking away from ?underwater? mortgages and into foreclosure, despite being able to make their payments. In a segment that aired [last night], Morley Safer interviewed homeowners mired in negative equity, a spreading ?epidemic? for an estimated 11 million homeowners.For more, see

Full post as published by The Home Equity Theft Reporter on May 10, 2010 (boomark / email).

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