Tuesday, May 4, 2010

Strategic Default Update

  • $100,000 negative equity is the tipping point.
  • 12 percent of all U.S. defaults in February were strategic.
  • 30,000 people a month are able to pay their mortgage but are deciding not to.

http://www.doctorhousingbubble.com/strategic-default-world-mortgages-30000-default-monthly-cash-flow-increase/

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