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Loan Modification

: Loan Modification & Home Loan News

Emotion Drives Many Defaults

By Moe Bedard

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People often fall in love with their homes based on some charming but impractical feature or other. Now, increasing numbers of homeowners are abandoning their nests for similarly emotional?and sometimes irrational?reasons. It turns out that many of the Americans defaulting on their mortgages are doing so out of anger, fear or despair rather than making a purely [...]

Full post as published by Loan Modification & Home Loan News on May 11, 2010 (boomark / email).

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