Archive for November 4th, 2009
Foreclosure rates in the U.S. are up against more than stubborn banks, as homeowners choose to abandon their mortgages. Credit score company Experian reported 588,000 borrowers voluntarily gave up on their mortgage payments in 2008, twice as many as the previous year. With home prices low, many find their homes financially underwater, meaning they owe more [ READ MORE ]
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