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Loan Modification

: Loan Modification & Home Loan News

Even More Millionaires Defaulting on Mortgages

By Moe Bedard

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(Source: CBS)  The RealtyTrac organization predicted earlier this month that home foreclosures in 2011 will likely exceed the record 3.8 million reported in 2010. CBS News correspondent John Blackstone reports one group of mortgage defaulters seems to be bucking the trend. In wealthy communities like La Jolla, Calif., living near the ocean is a privilege [...]

Full post as published by Loan Modification & Home Loan News on February 09, 2011 (boomark / email).

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