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Umpire Blows Call, Ruins Perfect Game UPDATE: Umpire And Pitcher Absolute Class After Game | Main | World: Greece, You Must Restrain Your Spending! Greeks: Nah.
June 03, 2010

Change! Strategic defaults up almost 50% in past year

Live for free, more bling for thee.

...31 percent of foreclosures in March were deemed to be "strategic default" by researchers at University of Chicago and Northwestern University.

That's up from 22 percent in March of 2009.

We already know that mortgage walkaways are more prevalent among borrowers whose neighbors or friends have done the same thing.

We also learn from those same researchers that the likelihood of walking away increases by 23 percent when homeowners learn that a neighbor got some principal forgiveness...


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posted by Purp at 12:16 AM

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