PostHeaderIcon NYT: No help in sight, more homeowners walk away

February 3rd, 2010

Benjamin Koellmann paid $215,000 for his apartment in Miami Beach in 2006, but now units are selling in foreclosure for $90,000. "There is no financial sense in staying," he said.By June, about 5.1 million people are projected own a home whose value is below 75 percent of what is owed, prompting many to walk away from their mortgages.




Mortgage – New York Times – Foreclosure – United States – Loan

Related posts:

  1. NYT: Loan program may have made things worse
  2. Mortgage delinquencies hit record high
  3. Few borrowers helped by modified mortgages 

PostCategoryIcon Posted in Msnbc

Leave a Reply

You must be logged in to post a comment.

Search
Sponsor
Categories
Links:
Sponsor
Recent Posts
  • Fast Train vs. Commuter Train: "That a successful effort to get…
  • On the Market: Clarendon Heights Designer’s Home, With Tree Stump and Peep Deck
  • America’s 25 Richest Counties
  • Listed: Early 20th-Century Hybrid
  • The recession has hurt many people’s credit scores. How to fix it?
  • Linkage: Pushing Away Renters for Buyers, and Backstage Oscars Set Tour
  • Former SF Mayor Loves Saltworks: Both sides of the debate on…
  • The Hunt: Hunters Revel in the Sounds of Silence
  • The Renter Roadblock
  • Cities Where The Recession Is Easing
  • International Real Estate: House Hunting in … Tokyo
  • On Location: In Madrid, the Apartment That Came With a House
  • Recovery Act Hits the TL: San Francisco’s first construction project to…
  • On the Market: 2-Bedroom Castro House by William Wurster, Asking $1.575 Million
  • Pending home sales tumble amid winter woes
  • Mansions go modular as costs, timeline lure high-end buyers
  • Forbes: Where you can get ahead quickly
  • Open Space: Hayes Playground Is the First of Three Parks to Get Fixed Up
  • They’ve Got It Bad for Broadband: As Gavin dips a tentative toe…
  • Government extends refinance program a year
  • Linkage: The $35,000 Pillow-Fight Penalty, and More Restaurants on 24th
  • Announcements: The Curbed SF Newsletter Has the Stories You Missed This Week
  • The Psychology of Moving
  • Living In | Kew Gardens, Queens: Off the Grid, but on the Radar
  • Testing the waters: This year, vacation buyers can afford to be picky
    • Real Estate

    Archives

    Contact Us | Terms of Use | Trademarks | Privacy Statement
    Copyright © 2009 Real Estate Offers. All Rights Reserved.

    All about: real estate | new york ny real estate | lowell ma real estate | atlanta georgia real estate | charlotte north carolina | real estate agent | travel real estate career | real estate appraisal