A growing number of homeowners in Arizona, California, Florida, and Nevada—where prices have fallen the most—are walking away from their properties.
They are leaving the deal behind NOT because they can’t pay -- but because they don’t want to.
A study by researchers at Northwestern University and the University of Chicago concludes that as many as 25 percent of defaults are driven by strategy, not necessity.
To continue reading, visit NATIONAL ASSOCIATION OF REALTORS' article.
Source: The Wall Street Journal, James R. Hagerty and Nick Timiraos (12/17/2009) and Bloomberg, Emily Friedlander (12/17/2009)
Check back often for leads on Foreclosed Atlanta Homes and information on purchasing Cheap Atlanta Foreclosures! Also visit Foreclosure Millionaire Blog for More Leads and Information on Purchasing Foreclosed Atlanta Homes!
Blog by Cassandra Black
Follow Cassandra Black on Twitter: http://twitter.com/foreclosuredirt
Cheap Atlanta Foreclosures
