Default Mortgage
Is the New American Dream House a Rental?
By Teresa at 11 December, 2009, 2:41 am
The latest statistics from the US housing market slide point to what may be a new reality—and a key to economic recovery. More Americans than ever are walking away from homes and mortgages they are upside-down in and replacing a monthly house payment with a monthly rent payment.
The combination of mortgage balances that far exceed [...]