Real Estate Outlook: Employment Rough, Housing Recovering

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Sent by: JOHN ROSE at JOHN@JOHNJROSE.COM.

Real Estate Outlook: Employment Rough, Housing Recovering
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Although the housing recovery continues to roll in most parts of the U.S., there were fresh signs last week about the bumps ahead.

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Strategic Defaults: When Homeowners Walk Away From Mortgages They Can Afford

Realty Times Article Mailer
Sent by: JOHN ROSE at JOHN@JOHNJROSE.COM.

Strategic Defaults: When Homeowners Walk Away From Mortgages They Can Afford
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Even when a home is financially underwater (the total mortgage balance is greater than the value of the property) owners will usually make serious efforts to keep from defaulting. But only up to a point. If it gets too far underwater, people will let it go -- even if they can afford to make the payments. While there may be an intuitive sense to this, the fact is not widely recognized.

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http://realtytimes.com/rtpages/20090915_defaults.htm

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REALTOR BOCA RATON FL

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