Well, just when you thought you'd heard everything in the mortgage debacle, you probably haven't. We've all heard about people who "walk away" from their mortgages. But, why move out of your home when you can stop making your house payments and continue living in it? Yes, you heard right. This is exactly what some people are doing in homes valued for as much as two million dollars and for as long as a couple of years, because the courts are either backlogged with foreclosure cases or mortgage note ownership cannot be proven.
Developments : Why Walk Away? Mortgage 'Squatters' Stay in Their Homes
|
Threaded Mode
